Prime Minister Chairs Meeting with various sectoral groups in a pre-budget exercise

Calls for a focussed effort from all stake holders to achieve the 5 Trillion Dollar Economy

Prime Minister Shri Narendra Modi called for a focussed effort from all stakeholders in order to achieve the target  of 5 Trillion Dollar Economy in India.

Prime Minister was interacting with various senior Economists, Private Equity/Venture Capitalists, Business Leaders from  Manufacturing, Travel & Tourism, Apparel & FMCG, Analytics, subject experts in the fields of Agriculture, Science & Technology and Finance.

The meeting was held at NITI AAYOG in New Delhi today as part of the pre-budget exercise.

Prime Minister said that he was happy that the two hour open discussion has brought to forefront the experience of people on the ground and those working in their respective fields.

He said that this would enhance the synergy between policy makers and various stakeholders.

Prime Minister said that the idea of 5 Trillion Dollar Economy is not a sudden development and that it is based on a deep understanding of the strengths of the country.

He said that the strong absorbent capacity of Indian economy shows the strength of basic fundamentals of the Indian economy and its capacity to bounce back.

Prime Minister said that the sectors like Tourism, Urban Development, Infrastructure and Agri based Industry have a great potential to taking forward the economy and for employment generation.

He said that open discussions and brainstorming in such forums lead to a healthy debate and understanding of the issues.

Prime Minister said that this would also foster a positive mood and “can do” spirit in the society.

Stating that India is land with unlimited possibilities he requested all stakeholders to do their bit to bridge the gap between reality and perception.

He said, “We must all work together and start to think like a nation”

Economists like Shri Shankar Acharya, Shri R Nagaraj, Ms. Farzana Afridi, Venture Capitalist Shri Pradip Shah, Industrialists Shri Apparao Mallavarapu, Shri Deep Kalra, Shri Patanjali Govind Keswani, Shri Deepak Seth, Shri Srikumar Misra, Subject Experts Shri Ashish Dhawan and Shri Shiv Sarin were among the 38 delegates who participated in the discussions.

Minister for Home Affairs Shri Amit Shah, Union Minister for Road Transport & Highways and MSME Shri Nitin Gadkari, Minister for Railways and Commerce Shri Piyush Goyal and Minister for Agriculture & Farmers Welfare and Rural Development, Panchayati Raj Shri Narendra Tomar, Secretaries from various Ministries, Vice Chairman of NITI Aayog Shri Rajiv Kumar and CEO of NITI Aayog Shri Amitabh Kant attended the meeting.

Pre-budget stakeholder consultation frames fiscal policy inputs to guide sectoral reforms and economic growth agenda A pre-budget stakeholder consultation convened by the Prime Minister gathered economists, industry leaders and subject experts to channel sectoral inputs into fiscal planning. The meeting prioritized Tourism, Urban Development, Infrastructure and agri-based industries for growth and employment, stressed coordination between policymakers and private stakeholders, and sought actionable recommendations to align ground-level experience with policy design ahead of the budget.