The Prime Minister's newly-constituted Economic Advisory Council held its first meeting at the NITI Aayog on Wednesday, 11 October.
Speaking to the media after the meeting, chairman Bibek Debroy said the council told the Prime Minister that 10 ‘key areas’ have been identified that it will begin working on immediately.
- Economic growth
- Employment and job creation
- Informal sector and integration of informal sector
- Fiscal framework
- Monetary policy
- Public expenditure and efficiency of public expenditure
- Institutions of the economic governance
- Agriculture and animal husbandry
- Patterns of consumption and production
- Social sector
The council will reconvene in November for its second summit, with a focus on next year’s budget.
Debroy added that the interventions are related to “accelerating economic growth and employment, with greater social and financial inclusion based on rigorous economic analysis.”
“Whenever we will take any view on monetary policy, we will discuss it with the RBI,” he said.
In the run-up to the meeting, the council held a brainstorming session with several stakeholders on Monday, 9 October.
The Council. comprising of reputed economists and experts, "is mandated to analyse all critical economic and other issues referred to it by the Prime Minister and advising him thereon", the statement said.
(With inputs from IANS)
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