- Tuesday, March 04, 2025
By: Shubham Ghosh
Indian prime minister Narendra Modi on Friday (13) met several prominent economists as his government gets ready to present the country’s budget for 2023-24 amid global headwinds emanating from geopolitical tensions, said sources.
Indian finance minister Nirmala Sitharaman is scheduled to present the Union Budget in the Lok Sabha or Lower House of the Indian parliament on February 1.
The minister has already met different stakeholders to elicit their views and suggestions for the Budget.
Modi’s meeting was also attended by Sitharaman and other senior government officials. Government think-tank NITI Aayog’s vice-chairman Suman Bery and other members were also present, said sources.
Economists who participated in the meeting, included Shankar Acharya, Ashok Gulati, and Shamika Ravi.
Several suggestions were made by economists during the meeting for boosting economic growth which is estimated to drop to 7 per cent in the current financial year from 8.7 per cent in 2021-22.
The economy is facing several challenges, including persistently high inflation, a depreciating rupee, and subdued growth in exports.
The ongoing Russia-Ukraine and disruptions in the global supply chains have adversely global economic growth.
(PTI)
