After the Russia-Austria tour, Prime Minister Narendra Modi on Thursday met leading economists, less than two weeks ahead of the Centre’s Union Budget. The meeting, however, mainly focussed on the Prime Minister’s push for India to be the third largest economy of the world from the fifth largest one at present. The Prime Minister also sought suggestions and views from them for the upcoming Budget.
According to a top source, the meeting primarily focussed on inclusive growth and massive job creation in the country in his third term. “Finance minister Nirmala Sitharaman, industry experts and economists, including Niti Aayog vice-chairman Suman Bery, discussed all the important policy issues involved in the Indian economy, including new and pending reforms as well as fiscal strategies going forward in the country,” the source said. Union finance minister Nirmala Sitharaman is scheduled to present the Budget for 2024-25 in the Lok Sabha on July 23.
The Budget for 2024-25 will be the first major economic document of the Modi 3.0 government, which, among other things, is expected to lay the road map for making India a developed nation by 2047. Sitharaman in her earlier pre-budget discussions with various stakeholders concluded on July 7 in this regard and sought their suggestions and views for the upcoming budget as well.
Similarly, experts have also suggested the Centre to ease the tax burden on the taxpayers in a bid to boost consumption. In the series of meetings of the .