You are here: Home » Budget » Run-up » Economy
Business Standard

PM seeks ideas on budget at NITI Aayog's maiden meet

The suggestions were mainly related to the high growth roadmap for the Indian economy

Press Trust of India  |  New Delhi 

The newly renamed NITI Aayog building in New Delhi on Friday

Ahead of his government's first full year budget, Prime Minister Narendra Modi today sought ideas from economists to attract investments, create jobs and finance infrastructure to put India back on high growth path.

Modi brainstormed suggestions with leading economists at the maiden meeting of "think tank" NITI Aayog and will follow it up with another meeting with Chief Ministers on Sunday.Read our full coverage on Union Budget

"NITI Aayog had today organised a meeting ... (with) some very eminent economists with regard to the state of and steps required to boost investment, growth and even specific suggestions with regard to the Union Budget," Finance Minister Arun Jaitley told reporters after the meeting.

Jaitley, who will present the General for 2015-16 on February 28, said suggestions were mainly related to the high growth roadmap for the Indian

"These were also in relation to the financing of infrastructure, how to attract investment, how to boost domestic savings and the state of agricultural sector was particularly discussed," the Finance Minister said.

Niti Aayog is a "think tank" also and today's meeting was in that context, Jaitley said.

The meeting also discussed suggestions with regard to effective implementation of several flagship schemes of the government and how poverty levels can be brought down.

Chief Economic Adviser Arvind Subramanian, Aayog's full time members Bibek Debroy and V K Saraswat, Minister of State for Finance Jayant Sinha, Planning Minister Rao Inderjit Singh, ex-RBI governor Bimal Jalan, Subir Gokarn, Ashok Gulati and G N Bajpai were also present in the meeting.

NITI Aayog came into existence on January 1 after the government scrapped the socialist-era Planning Commission.

When asked if giving statutory status to the Aayog was discussed in the meeting, Jaitley replied in negative.

To another query, he said issues related to government subsidies too were not discussed.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, February 06 2015. 15:30 IST