PM Modi attends NITI Aayog's "Economic Policy - The Road Ahead" meeting

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Ahead of the Union Budget, Prime Minister Narendra Modi on Wednesday interacted with over 40 economists and other sectoral experts on the road as the government looks to revive the country's economic growth.

Another expert pointed out that more than 20 percent educated youth were unemployed.

The meeting also discussed the job situation and Kumar said the NITI Aayog task force will unveil its new jobs data soon.

The finding of report is in startling contrast to the Labour Bureau and Centre for Monitoring Indian Economy (CMIE) data on jobs.

The Budget will be presented on February 1.

The interactive session on the theme, "Economic Policy?"

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The event was organised by the NITI Aayog and was attended by finance minister Arun Jaitley and members of the Prime Minister's Economic Advisory Council, among others.

An official statement said that during the session, participants shared their views on various economic themes such as the macro-economy, agriculture and rural development, and employment.

Briefing about the meeting, Kumar said experts emphasised that all efforts should be made to ensure doubling of farmers income, which often does not rise with increased production leading to decline in prices. Kumar, however, opines that the budget will mainly focus on improving the welfare of common man. Kumar also added that the National Medical Commission Bill was supported by all the experts including doctors.

Experts gave suggestions on boosting domestic manufacturing and increasing exports. "The distinguishing feature of this government and also that of the prime minister is that they have never allowed any budget exercise to be a populist one", Kumar said, while talking exclusively to ANI.

Earlier last week, the Central Statistics Office (CSO) released the first advance estimate that indicated a low 6.5 per cent growth figure mainly due to slowed performance of manufacturing and agriculture.