PM Modi Steps-In, Reviews State Of Economy

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(FE)

Prime Minister Narendra Modi on Friday reviewed the state of the economy and other crucial issues with the council of ministers and key secretaries, with a focus on vision documents of various ministries for the next five years, an official source told FE. The meeting will continue on Saturday as well.

The interaction follows a series of meetings that the Prime Minister held with various stakeholders, including captains of industry, electronics players and textile and garment companies, in recent weeks to seek their inputs on the economic slowdown and what can possibly be done to catapult India on to a high growth trajectory. He is learnt to have sought specific inputs on what policies are working and what are not. The economic expansion plunged to an over six-year low of 4.5% in the September quarter, with analysts predicting a prolonged phase of slowdown.

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