Economists urge PM Modi to push privatisation, increase infrastructure spending
According to a note issued by Niti Aayog after the meeting, all the attendants agreed that high frequency indicators are showing signs of a strong economic recovery, and that too earlier than expected
PTI | January 9, 2021 | Updated 16:29 IST
Modi further said the COVID-19 pandemic and the subsequent management threw up new professional challenges for all those involved
Prime Minister Narendra Modi on Friday highlighted the fiscal and reform measures undertaken by the government following the COVID-19 outbreak as he held deliberations with top economists who pitched for pushing privatisation, avoiding challenging international arbitrations and increasing infrastructure spending.
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Economists stress importance of investing in public health, education in interaction with PM Modi ANI | Updated: Jan 08, 2021 23:54 IST
New Delhi [India], January 8 (ANI): Prime Minister Narendra Modi interacted with leading economists of the country on charting the economic agenda in the post-COVID world and highlighted government s commitment to developing world-class infrastructure and the economic potential set to be unleashed by National Optical Fibre Network.
He highlighted the faith shown by foreign investors in India s growth story, with foreign direct investment growing by 11 per cent between April and October, despite a global recession.
The participants stressed the importance of investing in public health and education, as human capital would also likely emerge as a driver of growth, especially in the knowledge economy going forward. They also stressed on labour-intensive manufacturing given the success India has achieved in laun
Economists urge PM Narendra Modi to push privatisation, increase infra spending
Narendra Modi said the COVID-19 pandemic and the subsequent management threw up new professional challenges for all those involved.
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NEW DELHI: Prime Minister Narendra Modi on Friday highlighted the fiscal and reform measures undertaken by the government following the COVID-19 outbreak as he held deliberations with top economists who pitched for pushing privatisation, avoiding challenging international arbitrations and increasing infrastructure spending.
Participating in a virtual meeting with the Prime Minister, some economists suggested that the government could take a lenient view on fiscal deficit in the forthcoming Budget for 2021-22 due to the urgency to revive the pandemic-hit economy, sources said.
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