<p>Prime Minister Narendra Modi on Saturday discussed issues surrounding employment, agriculture, water resources, exports, education and health – five key sectors, reforms in which can re-ignite India's slowing economy, with country's top economists.</p>.<p>In all, 40 economists, including former RBI Governor Bimal Jalan, were present in the brainstorming that lasted for about two hours.</p>.<p>Economists gave their suggestions on how to give a fillip to the economic growth which is at a five-year low, and the employment rate which has hit a 45-year low, in order to achieve the $5 trillion growth dream by 2024.</p>.<p>The meeting was also attended by Commerce and Industry Minister Piyush Goyal and Minister of State (independent charge) for Statistics and Programme Implementation Rao Inderjeet Singh.</p>.<p>Niti Aayog Vice Chairman Rajiv Kumar and senior government officials were also present.</p>.<p>Other economists, who attended the meeting included Soumya Kanti Ghosh from State Bank of India, Bibek Debroy, Chairman Prime Minister's Economic Advisory Council; Nilesh Shah, K Srinath, Natrajan Chandrashekharan, Anil Agrawal, T N Ninan, Bodhisattva Ganguly, Vijay Shekhar Sharma AND Surjit Bhalla.</p>.<p>Incidentally, the five areas are likely to be the key focus of Finance Minister Nirmala Sitharaman's first Budget to be presented in Parliament on July 5.</p>.<p>Modi has set the target for India's economic growth to reach $5 trillion in the next five years from $2.8 trillion at present.</p>.<p>However, the high-frequency growth indicators such including vehicle sales, electricity consumption, airline passenger traffic, index of industrial production, and export figures have been showing that the growth momentum has slowed.</p>.<p>Last week, Modi's former Chief Economic Advisor Arvind Subramanian dropped a bombshell when he argued that India's economic growth during that period was actually 4.5% rather than the 7% presented in the official data.</p>.<p>He said that India's headline growth numbers never correlated with the high-frequency data, kick-starting a debate on the reliability of the country's economic data.</p>.<p>The interactive session organised by Niti Aayog on 'Economic Policy - The Road Ahead'.</p>
<p>Prime Minister Narendra Modi on Saturday discussed issues surrounding employment, agriculture, water resources, exports, education and health – five key sectors, reforms in which can re-ignite India's slowing economy, with country's top economists.</p>.<p>In all, 40 economists, including former RBI Governor Bimal Jalan, were present in the brainstorming that lasted for about two hours.</p>.<p>Economists gave their suggestions on how to give a fillip to the economic growth which is at a five-year low, and the employment rate which has hit a 45-year low, in order to achieve the $5 trillion growth dream by 2024.</p>.<p>The meeting was also attended by Commerce and Industry Minister Piyush Goyal and Minister of State (independent charge) for Statistics and Programme Implementation Rao Inderjeet Singh.</p>.<p>Niti Aayog Vice Chairman Rajiv Kumar and senior government officials were also present.</p>.<p>Other economists, who attended the meeting included Soumya Kanti Ghosh from State Bank of India, Bibek Debroy, Chairman Prime Minister's Economic Advisory Council; Nilesh Shah, K Srinath, Natrajan Chandrashekharan, Anil Agrawal, T N Ninan, Bodhisattva Ganguly, Vijay Shekhar Sharma AND Surjit Bhalla.</p>.<p>Incidentally, the five areas are likely to be the key focus of Finance Minister Nirmala Sitharaman's first Budget to be presented in Parliament on July 5.</p>.<p>Modi has set the target for India's economic growth to reach $5 trillion in the next five years from $2.8 trillion at present.</p>.<p>However, the high-frequency growth indicators such including vehicle sales, electricity consumption, airline passenger traffic, index of industrial production, and export figures have been showing that the growth momentum has slowed.</p>.<p>Last week, Modi's former Chief Economic Advisor Arvind Subramanian dropped a bombshell when he argued that India's economic growth during that period was actually 4.5% rather than the 7% presented in the official data.</p>.<p>He said that India's headline growth numbers never correlated with the high-frequency data, kick-starting a debate on the reliability of the country's economic data.</p>.<p>The interactive session organised by Niti Aayog on 'Economic Policy - The Road Ahead'.</p>
