PM-economists meet: Job, farm, manufacturing, exports focus areas

Erika Holt
January 13, 2018

Finance minister Arun Jaitley, transport minister Nitin Gadkari, agriculture minister Radha Mohan Singh and secretaries of various departments, also attended the meeting, said Kumar.

NITI Aayog Vice Chairman Rajiv Kumar on Wednesday said the government will now focus on raising the incomes of farmers. This can be brought about by improving productivity, lowering costs, greater efficiency, giving much greater market access to farmers, making them producers of products rather than commodities.

Prime Minister Narendra Modi will interact with leading economists and sectoral experts on Wednesday to deliberate on economic policy roadmap for promoting growth and employment.

After the meeting, NITI Aayog Vice-Chairman Rajiv Kumar said there were suggestions directed at both the upcoming Budget Session and for long-term structural reforms.

An official statement said that during the session, participants shared their views on various economic themes such as the macro-economy, agriculture and rural development, and employment. The task force on employment has got numbers which will be released very soon ... these numbers are startling and quite in contrast with Labour Bureau numbers.

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"Had an extensive interaction with economists and experts on "Economic Policy- the Road Ahead", the Prime Minister said in a tweet.

In his intervention, Mr. Modi thanked the participants for their suggestions and observations. Several presentations were made to the PM during the meeting. Kumar also said there was overwhelming support for the National Medical Council bill from the experts.

According to the latest forecast from the Central Statistics Office, the economy expanded at 6% in the six months ended 30 September and will complete FY18 with a 6.5% growth, implying a 7% expansion in the second half ending 31 March.

Kumar said that the jobs situation was also on the agenda of the meeting. It was 7.5 percent in 2014-15.

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