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Ahead of Budget, PM Modi likely to meet economists

In a significant pre-Budget exercise, Prime Minister Narendra Modi is expected to interact with the country’s top economists, policy planners…

Ahead of Budget, PM Modi likely to meet economists

Prime Minister Narendra Modi (Photo: SNS/File)

In a significant pre-Budget exercise, Prime Minister Narendra Modi is expected to interact with the country’s top economists, policy planners and senior ministers of his cabinet on 10 January to hammer out the modalities and thrust of his budget proposals​ for 2018-19.

The exercise assumes significance as it will probably be the last general budget of the present BJP-led NDA government ahead of the crucial 2019 Lok Sabha elections.

Experts said for PM Modi and the BJP it would be a litmus test to try and strike a balance between populist politics and their much publicised politics of development.

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The 10 January meeting is expected to enable PM Modi take stock of the state of the economy in the light of his ‘historic’ demonetisation and GST initiatives and its impact on the economy.

Apart from the Prime Minister, Finance Minister Arun Jaitley, over 25 economists, CEO and vice chairman of NITI Aayog, Amitabh Kant and Rajiv Kumar respectively, chairman, Economic Advisory Council to the Prime Minister Bibek Debroy, and other members of the Council are expected to attend the meeting.

The PM Modi is also expected to be apprised of the achievements of the NITI Aayog by Kant and Kumar. A similar exercise was carried out by the Central government in December 2017. That meeting had also dwelt on the impact of demonetisation on the economy.

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