PM Modi’s economy team identifies ten priorities to pump up economic recession
 Source : NewsBharati  Date : 12-Oct-2017

New Delhi, October 12: The newly set up Economic Advisory Council to the Prime Minister today identified ten major priorities for accelerating economic growth and employment generation over the next six months. The council held its first meeting in National capital on Wednesday.

The economic advisory council identified 10 themes around which the council report would be structured in coming months. These are economic growth, employment and job creation, informal sector and integration, fiscal framework, monetary policy, public expenditure, Institution of economic governance, agriculture and animal husbandry, patters of consumption and Production and social sector.

 

Talking to reporters after the meeting, Chairman of the council, Bibek Debroy said the panel has picked ten issues to focus initially. Debroy said, the council will also focus on the preparation of the next Union budget. He said, the Council has also reached a consensus on the reasons for the economic slowdown. Another key issue recognised in the meeting is the need for effective tracking of key economic parameters through possible mechanisms for instituting an Economy Tracking Monitor.

The deliberations of the Economic Advisory Council also reflect its value addition as an independent institutional mechanism to provide informed advice to the Prime Minister on addressing issues of macro-economic importance and related aspects.

The meeting was also attended by Chief Economic Advisor Arvind Subramanian who gave a presentation focussing attention on accelerating economic growth including investments and exports.The five member committee comprising reputed economists and experts was constituted by the Prime Minister last month.