Budget: PM Modi to interact with leading economists on Friday
Top economists and experts who will participate in the meeting include Arvind Panagariya, KV Kamath, Rakesh Mohan, Shankar Acharya, Shekhar Shah, Arvind Virmani, and Ashok Lahri.
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Prime Minister Narendra Modi will interact with leading economists and sectoral experts on Friday to deliberate on measures that may be included in the upcoming Budget for promoting growth, amid uncertainty on multiple fronts caused by
COVID-19.
It will also be attended by Finance Minister Nirmala Sitharaman, Minister of State for Finance Anurag Thakur, Niti Aayog Vice Chairman Rajiv Kumar, and
Economists urge PM Modi to push privatisation, increase infrastructure spending
According to a note issued by Niti Aayog after the meeting, all the attendants agreed that high frequency indicators are showing signs of a strong economic recovery, and that too earlier than expected
PTI | January 9, 2021 | Updated 16:29 IST
Modi further said the COVID-19 pandemic and the subsequent management threw up new professional challenges for all those involved
Prime Minister Narendra Modi on Friday highlighted the fiscal and reform measures undertaken by the government following the COVID-19 outbreak as he held deliberations with top economists who pitched for pushing privatisation, avoiding challenging international arbitrations and increasing infrastructure spending.
Economists urge PM Narendra Modi to push privatisation, increase infra spending
Narendra Modi said the COVID-19 pandemic and the subsequent management threw up new professional challenges for all those involved.
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NEW DELHI: Prime Minister Narendra Modi on Friday highlighted the fiscal and reform measures undertaken by the government following the COVID-19 outbreak as he held deliberations with top economists who pitched for pushing privatisation, avoiding challenging international arbitrations and increasing infrastructure spending.
Participating in a virtual meeting with the Prime Minister, some economists suggested that the government could take a lenient view on fiscal deficit in the forthcoming Budget for 2021-22 due to the urgency to revive the pandemic-hit economy, sources said.
Updated: Jan 8, 2021, 06:57 AM IST
Prime Minister Narendra Modi will interact with economists and sectoral experts on Friday to mull over measures that could possibly be included in the upcoming budget in the wake of the uncertainty created in the market due to COVID-19.
The government think-tank Niti Aayog is organising the meeting virtually and it will be attended by Niti Aayog Vice Chairman Rajiv Kumar and Niti Aayog CEO Amitabh Kant. The Prime Minister will meet economists on Friday to seek their inputs for the next budget, a government official told PTI on condition of anonymity.
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This comes as India`s First Advance Estimate of national income on Thursday showed a contraction of 7.7 per cent in real GDP for FY 21. On a year-on-year basis, Asia`s third largest economy had grown by 4.2 per cent in 2019-20.
Top economists on Friday urged Prime Minister Narendra Modi to aggressively push privatisation of state-owned enterprises, avoid challenging international arbitrations and increase infrastructure investment, saying these were essential to build investor confidence. Participating in a virtual meeting with the Prime Minister, some economists suggested that the government could take a lenient view on fiscal deficit in the forthcoming Budget for 2021-22 due to the urgency to revive the pandemic-hit economy, sources said. According to the sources, the participants urged the government to come up with policies to increase exports and build investors confidence as despite multiple structural reforms across sectors, investments are still not flowing into India in a big way. There is a need to boost investor confidence.