Inclusive Growth
India's economic growth, celebrated in aggregate terms, hides an uncomfortable truth: much of this progress has bypassed the majority of the population, particularly in rural areas.
Prime Minister Narendra Modi on Wednesday attended an interactive session with over 40 economists and other experts, organised by NITI Aayog on “Economic Policy – The Road Ahead.”
During the session, the participants shared their views on various economic themes such as the macro-economy, agriculture and rural development, employment, health and education, manufacturing and exports, urban development, infrastructure and connectivity.
Finance Minister Arun Jaitley thanked the participants for their thought-provoking suggestions. The government think tank’s meeting came a few hours after Modi chaired the Union Cabinet clearing a series of major steps to boost FDI.
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In his intervention, the PM took note of the participants’ suggestions and observations on various aspects of the economy.
The meeting was attended by several Union Ministers who look after economic subjects. NITI Aayog Vice Chairman Rajiv Kumar and senior officers from the Union Government and NITI Aayog were present.
The meeting was held in the backdrop of latest estimates of national income by Central Statistics Office (CSO) which showed that India’s growth is expected to slow down to a four-year low of 6.5 per cent this fiscal, the lowest under the Modi-led government.The Gross Domestic Product (GDP) was 7.1 per cent in 2016-17 and 8 per cent in the preceding year. It was 7.5 per cent in 2014-15.
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