The Economic Advisory Council to the Prime Minister met for the time on Wednesday to discuss ways to accelerate economic growth and employment. The EAC-PM was constituted on September 25 after the GDP growth percentage dipped to a three-year low at the end of the first quarter of the current fiscal.
Today’s meeting is being chaired by NITI Aayog member Bibek Debroy and Chief Economic Advisor to Ministry of Finance, Arvind Subramanian will present a report on the state of the economy.
Sources told The Indian Express that the EAC is likely to identify sectors in the economy that need effective policy intervention advice.
A framework on how to engage with key stakeholders, institutions and growth drivers is likely to be formulated at the meeting.
The EAC-PM had held a “brainstorming session with stakeholders” on Monday in the run-up to the Wednesday meeting, a press release issued by the government said.
Others members in the group are economists Surjit Bhalla, Rathin Roy, Ashima Goyal (part-time members) and Ratan Watal, Principal Advisor, NITI Aayog (member-secretary).