Prime Minister Narendra Modi to Work together with Main Economists on Friday

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Prime Minister Narendra Modi.

Prime Minister Narendra Modi will work together with main economists and sectoral specialists on Friday to deliberate on measures which may be included within the upcoming funds for selling development, amid uncertainty on a number of fronts brought on by COVID19. The assembly, being organised by the federal government suppose tank Niti Aayog shall be held nearly and also will be attended by Niti Aayog Vice Chairman Rajiv Kumar and Niti Aayog CEO Amitabh Kant.

  • PTI
  • Final Up to date: January 06, 2021, 14:03 IST
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Prime Minister Narendra Modi will work together with main economists and sectoral specialists on Friday to deliberate on measures which may be included within the upcoming funds for selling development, amid uncertainty on a number of fronts brought on by COVID-19. The assembly, being organised by the federal government suppose tank Niti Aayog shall be held nearly and also will be attended by Niti Aayog Vice Chairman Rajiv Kumar and Niti Aayog CEO Amitabh Kant.

“The Prime Minister will meet economists on Friday to hunt their inputs for the subsequent funds,” mentioned a authorities official on situation of anonymity. The assembly assumes significance as in keeping with the Reserve Financial institution of India (RBI), India’s financial system is projected to contract 7.5 per cent within the present fiscal ending March 31, 2021, whereas the Worldwide Financial Fund (IMF) and World Financial institution estimates the contraction at 10.three per cent and 9.6 per cent, respectively.

India’s financial system recovered quicker than anticipated within the September quarter as a pick-up in manufacturing helped GDP clock a decrease contraction of seven.5 per cent and held out hopes for additional enchancment on higher shopper demand. India’s financial development stood at an estimated 4.2 per cent in 2019-20.

The upcoming Union Funds is prone to be introduced on February 1, 2021.

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