Ahead of Budget 2019, PM Modi to hold meeting with top economists to discuss roadmap for economic policy

Ahe of Budget 2019, Prime Minister Narendra Modi will hold a meeting with top ecomists to review macroecomic situation of country on Saturday, a government official told ANI.

Prime Minister Modi will also discuss Budget proposals during meeting, which is scheduled to take place at NITI Aayog, said  official. Ecomists will also make presentations to  Prime Minister during meeting that will start at 12 pm on Sunday.

Earlier on Friday, Union Finance Minister Nirmala Sitharaman held a pre-budget meeting with finance ministers of all  states. During meeting, Nirmala Sitharaman said that Centre has responsibility of setting direction of ecomic growth.

Furrmore,  Finance Minister, on Wednesday, held 20th meeting of  Financial Stability and Development Council (FSDC) to review current global and domestic ecomic situation and financial stability issues including, inter-alia, those concerning Banking and NBFCs.

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Minister on June 11 held a pre-budget consultation with ecomists, representatives of infrastructure, agriculture, rural development, social, financial sectors and capital markets. During meeting, she focused on possible measures to boost ecomic and social infrastructure of rural sector and ways to ericate unemployment and poverty through development of agriculture and allied sectors as well as n-farm sector, re a statement from ministry.

India has emerged as fastest growing major ecomy in world. India’s GDP is estimated to have increased 7.2 per cent in 2017-18 and 7 per cent in 2018-19. India has retained its position as third largest startup base in world with over 4,750 techlogy start-ups. interim Union Budget for 2019-20 was anunced by Mr Piyush Goyal, Union Minister for Finance, Corporate Affairs, Railways and Coal, Government of India, in Parliament on February 01, 2019. It focuses on supporting needy farmers, ecomically less privileged, workers in urganized sector and salaried employees, while continuing Government of India’s push towards better physical and social infrastructure.

Total expenditure for 2019-20 is budgeted at Rs 2,784,200 crore (US$ 391.53 billion), an increase of 13.30 per cent from 2018-19.

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(With ANI Inputs)