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A working paper, co-authored by EAC-PM member Sanjeev Sanyal, said that the government should opt for a system of graded fines and remove imprisonment provisions except in extreme cases for labeling offences in the commercial sector while simplifying the 2011 Packaging Rules and putting in place a system to consolidate all the statutory mandates from labeling related changes to improve the ease of doing business in the country.

In an op-ed, the economist said that the Constitution is largely based on the Government of India Act, 1935, and is, in that sense, a colonial legacy.

"On this 77th Independence Day, the Chairman of Economic Advisory Council to the PM has sounded the bugle for junking the Constitution - of which Dr. Ambedkar was a prime architect. He wants the country to embrace a brand new one," Ramesh said on X, formerly known as Twitter. In his article, Debroy wrote, "Our current Constitution is largely based on the Government of India Act of 1935. In that sense, it is also a colonial legacy. In 2002, there was a report by a commission set up to review the working of the Constitution, but it was a half-hearted effort."

The currently used NCERT textbooks are all based on the 2005 National Curriculum Framework (NCF).

The meeting comes after official estimates showed last month FY23 economic growth beat expectations with a 7.2% expansion but risks such as a slowdown in developed markets and possibility of El Nino impact on monsoon showers could be a drag this fiscal.