PM Modi attends NITI Aayog's "Economic Policy - The Road Ahead" meeting

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Job creation, doubling farmers' income, boosting manufacturing and promoting exports were the key themes that came up for discussion during an interactive session between Prime Minister Narendra Modi and economists.

Another expert pointed out that more than 20 percent educated youth were unemployed.

He said that the meeting was a traditional practice since the formation of the NITI Aayog.

"But these number are startling and quite in contrast with Labour Bureau numbers".

The idea of broad-based consultation was to set a new economic policy for the future as growth is estimated to pick up further momentum after the shake-up from structural reforms.

The meeting, being organised by government think tank NITI Aayog, will be attended by a host of ministers including Finance Minister Arun Jaitley, NITI Aayog functionaries and leading economists.

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The select group of economists and various sector experts have been invited by NITI Aayog for the deliberations with the prime minister on "Economic Policy: The Road Ahead".

The prime minister interacted with experts and secretaries who shared their views on various economic themes such as macro-economy, agriculture and rural development, employment, health and education, manufacturing and exports, urban development, infrastructure and connectivity, NITI Aayog Vice Chairman Rajiv Kumar informed media after the meeting here on Wednesday. Kumar, however, opines that the budget will mainly focus on improving the welfare of common man. When asked about the suggestion regarding long-term capital gains tax, he said the issue relates to budget and did not elaborate.

The Aayog vice chairman also said that all the experts backed the National Medical Commission Bill.

Also the meeting is being seen crucial as the upcoming budget is to be presented from early February.

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.

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