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Prime Minister's Interaction with Economists at NITI Aayog
Feb 12, 2015

On 6 January, the Prime Minister Narendra Modi interacted with eminent economists at NITI Aayog. This was the Prime Minister`s first visit to NITI Aayog.

Key Points

  • Prime Minister noted that one of the objectives of NITI Aayog was to establish a dynamic institutional mechanism where eminent individuals outside the Government system could contribute to policy making.

  • Setting the tone for the interaction, the Prime Minister emphasized on the need for cooperative federalism, and added that he favoured healthy competition for development among states.

  • The Prime Minister said India must develop fast, taking advantage of current global environment, to meet the aspirations of the people. The Prime Minister spoke of the Government`s recent initiatives, including the Pradhan Mantri Jan Dhan Yojana, DBTL for  LPG subsidy, and Swachh Bharat.

  • The Prime Minister said he looked forward to the interaction and suggestions from the eminent gathering.

The economists present at the interaction were Vijay Kelkar, Nitin Desai, Bimal Jalan, Rajiv Lall, R. Vaidyanathan, Subir Gokarn, Parthasarathi Shome, P. Balakrishnan, Rajiv Kumar, Ashok Gulati, Mukesh Butani and G.N. Bajpai.

The economists emphasized on the need for the Government to work towards high growth, predictable tax regime, fiscal prudence and rapid infrastructure development. A large number of other suggestions were also made on various sectors of the economy.

Finance Minister Arun Jaitley and the Vice Chairman of NITI Aayog Arvind Panagariya also made brief opening remarks.

 


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