New Delhi: On Thursday, Prime Minister Narendra Modi chaired a meeting with several sectoral groups at NITI Aayog as a part of the pre-budget exercise. Earlier, PM Modi asked for suggestions and ideas for the impending Union Budget 2020-21 in the first week of February. He held two-hour long in-depth and open discussions and asked for a focussed effort from all the stakeholders to make India a $5 trillion economy.
The PM wrote on his official Twitter handle-
“Unwavering in our commitment to become a five trillion dollar economy!
Today, had in-depth consultations with economists, business leaders and policy experts from various fields on diverse range of subjects. Such synergy augurs well for national progress.”
Unwavering in our commitment to become a five trillion dollar economy!
Today, had in-depth consultations with economists, business leaders and policy experts from various fields on diverse range of subjects. Such synergy augurs well for national progress. https://t.co/KItYkgLxeO
— Narendra Modi (@narendramodi) January 9, 2020
During the meeting, he interacted with many senior economists, private equity/venture capitalists, business leaders from Apparel & FMCG, Manufacturing, Travel and Tourism, Analytics, and subject experts in the fields of Science & Technology, Agriculture, and Finance.
Also, PM Modi said that he is glad as this extensive discussion brought the experience of people on the ground to the fore and those working in their respective fields. He added that it would improve the synergy between policymakers and multiple stakeholders.
The PM further said that the idea of achieving the target of a 5 trillion dollar economy in India is not a speedy development and is based on a broad understanding of the strengths of our nation. He stated that the strong absorbent capacity of the Indian economy indicates the strength of its fundamentals and ability to bounce back.
Moreover, PM Modi said that sectors like Tourism, Urban Development, Infrastructure, and Agri-based Industry possess a huge potential to take the economy and employment generation forward. He added that extensive discussions and brainstorming in forums like this result in a healthy debate and understanding of the issues.
The PM Modi that it would also encourage a positive attitude and “can do” spirit in the society. Calling India a land with unlimited possibilities, he urged all the stakeholders to do what they can to bridge the gap between reality and perception. He stated-
“We must all work together and start to think like a nation.”
The 38 delegates who were a part of yesterday’s meeting included the Economists Shankar Acharya, R Nagaraj, and Farzana Afridi, Venture Capitalist Pradip Shah, Industrialists Apparao Mallavarapu, Deep Kalra, Deepak Seth, Srikumar Misra, and Patanjali Govind Keswani, and Subject Experts Ashish Dhawan and Shiv Sarin.
Besides the above, the Union Cabinet Ministers like Amit Shah, Nitin Gadkari, Minister for Railways and Commerce, Piyush Goyal, and Narendra Tomar, Secretaries from different Ministries, Vice Chairman of NITI Aayog Rajiv Kumar, and CEO of NITI Aayog Amitabh Kant took part in the pre-budget meeting.