What Insights Did PM Modi Gather from Experts Ahead of Budget 2026-27?
Synopsis
Key Takeaways
- Focus on Economic Growth: Strategies discussed to enhance overall economic performance.
- Job Creation: Emphasis on generating more employment opportunities.
- Infrastructure Investment: Need for significant investments in key infrastructure projects.
- Skill Development: Aligning workforce skills with industry requirements.
- Export Boosting Measures: Strategies to strengthen India's position in global markets.
New Delhi, Dec 30 (NationPress) Prime Minister Narendra Modi convened a meeting on Tuesday with a panel of economists and sector-specific specialists to gather insights on enhancing economic growth and generating additional job opportunities as part of the preparatory discussions for the Union Budget 2026-27, which is anticipated to be presented in Parliament on February 1.
High-ranking officials from NITI Aayog, alongside notable economists and sector experts, participated in the session. Finance Minister Nirmala Sitharaman also attended the discussions.
Participants were asked to present their perspectives on India's current economic landscape, development strategies, and potential future challenges, as noted by an official.
The deliberations focused on budgetary provisions across various sectors aimed at stimulating growth and job creation. Suggestions also included strategies to attract greater private investment within the economy.
Additionally, the meeting highlighted the necessity of enhancing the skill sets of the workforce to align with industry demands.
Measures to boost exports and reinforce India's position in international markets, particularly in light of global economic volatility stemming from US tariff issues, were also topics of discussion.
The gathering emphasized the importance of further investments in major infrastructure projects—including highways, ports, railways, and power initiatives—to maintain a robust growth trajectory and create more employment opportunities.
Participants proposed recommendations for advancing agriculture, MSMEs (Micro, Small, and Medium Enterprises), startups, and other sectors, all aimed at fostering growth, job creation, and advancing the vision of Atmanirbhar Bharat (self-reliant India).
Moreover, the discussions addressed necessary steps for furthering social and economic inclusion to ensure equitable growth in the nation.
Input on the fiscal strategy was also shared, highlighting the need to balance revenue generation through taxation with spending allocations while ensuring a decline in the fiscal deficit, as mentioned by the official.