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Experts brainstorming on jobs, farmers, budget at NITI Aayog

Economists and experts brainstormed at NITI Aayog today on issue like job formation, agriculture and skill improvement, before briefing Prime Minister Narendra Modi on steps that could be taken in the approaching budget.

According to source, 4-5 sectorial groups have been set up to talk about new initiative and financial plan proposal.

The permission is to come up with existing suggestions to neutralise the unpleasant impact of demonetization, push growth with extraordinary focus on employment generation and give confidence farm efficiency.

Once firmed up, the suggestion will be placed before the Prime Minister later by the chairman of NITI Aayog, Modi has called a gathering of experts to take stock of the economy and get criticism on ways to deal with the problem of cash crunch post demonetization.

The theme is ‘Economic Policy Reform, Road Ahead’, the sources said, adding that there are about 15 invitees for the consultation.

The meeting assumes significance in view of different multilateral agency and RBI lowering increase outlook for the present financial. RBI has reduced the forecast to 7.1% from 7.6% in its monetary policy reconsider previous this month.

Multilateral financial support body Asian Development Bank too sliced the growth projection to 7% for the existing fiscal, from its earlier 7.4% due to the impact of cash recall on economic activities.

Indian economy expanded by 7.1% and 7.3% in first and second quarters of 2016-17, respectively.

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