{"id":32119,"date":"2018-10-29T12:43:20","date_gmt":"2018-10-29T07:13:20","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=32119"},"modified":"2018-10-29T12:43:20","modified_gmt":"2018-10-29T07:13:20","slug":"pm-economists-take-stock-of-economy","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/pm-economists-take-stock-of-economy\/","title":{"rendered":"PM, economists take stock of economy"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/business\/Economy\/pm-economists-take-stock-of-economy\/article22414634.ece\"><strong>PM, economists take stock of economy<\/strong><\/a><\/p>\n<p><strong>Context <\/strong><\/p>\n<p>In a meeting with Prime Minister Narendra Modi on Wednesday, top economists and experts in the country stressed the need for creating new jobs, even as a NITI Aayog task force has found that the statistics on lack of employment may be \u201coverrated\u201d. The data will be released \u201cvery soon\u201d, NITI Aayog Vice-Chairman Rajiv Kumar said<\/p>\n<p><strong>What did the economists suggest?<\/strong><\/p>\n<p>The economists suggested<\/p>\n<ul>\n<li><strong>Need to improve credibility of the budget<\/strong>: The government needed to improve the credibility of the budget by sticking to the targets set and making more realistic projections<\/li>\n<li><strong>Fiscal council<\/strong>: The need for a \u201cfiscal council\u201d that would be in charge of evaluating budget estimates and fiscal targets, which would be answerable to Parliament and not just the Finance Ministry<\/li>\n<\/ul>\n<p><strong>Backdrop<\/strong><\/p>\n<p>The meeting follows the Central Statistics Office\u2019s forecast that GDP growth in the current financial year will slow to a four-year low of 6.5%, from the provisional 7.1% seen in 2016-17, dragged down by deceleration in the agriculture and manufacturing sectors.<\/p>\n<ul>\n<li>The Prime Minister suggested that another meeting be held again, two months after the budget<\/li>\n<\/ul>\n<p><strong>Key discussion sectors<\/strong><\/p>\n<p>The key sectors for discussion included macro-economy, agriculture and rural development, employment, health and education, manufacturing and exports.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PM, economists take stock of economy Context In a meeting with Prime Minister Narendra Modi on Wednesday, top economists and experts in the country stressed the need for creating new jobs, even as a NITI Aayog task force has found that the statistics on lack of employment may be \u201coverrated\u201d. The data will be released&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/pm-economists-take-stock-of-economy\/\">Continue reading <span class=\"screen-reader-text\">PM, economists take stock of economy<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-32119","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704847087},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/32119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=32119"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/32119\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=32119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=32119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=32119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}