PM Modi meets with industrialists to discuss the ongoing economic slowdown
Prime Minister Narendra Modi on Monday met renowned industrialists, including former chairman of Tata Sons Ratan Tata, Reliance Industries chairman Mukesh Ambani and Bharti Airtel chairman Sunil Mittal. In the meeting they discussed ways to arrest the ongoing economic slowdown, attract private investments and boost job creation. Other industrialists who attended Monday’s meeting with the Prime Minister were Gautam Adani, N Chandrasekaran, Anand Mahindra, Sajjan Jindal, AM Naik, Anil Agarwal and Venu Srinivasan.
The Prime Minister’s latest meeting follows his series of parleys with various stakeholders, including industry veterans, electronics players and textile & garment companies in recent weeks as well as a two-day brain-storming meeting with the council of ministers and important secretaries on January 3 and 4.
The scores of meetings assume importance in the backdrop of growth having tattered to a six-and-a-half-year low of 4.5% in the September quarter and other key indicators, including industrial production, exports and credit growth, continuing to falter.
Some of the ideas discussed in these meetings are expected to find mention in the next Budget. These meetings also focus on ways to boost private investments and help India turn into a $5-trillion economy by 2024-25.
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