PM Narendra Modi Chairs Economic Panel Meet Ahead of Union Budget 2019; Agrarian Crisis, Economical Revival Schemes Main Agenda
PM Narendra Modi, Union Budget 2019 and agrarian crisis in India. | Representational Image. (Photo Credit: File)

New Delhi, June 22: With the controversy over the GDP growth estimation becoming the point of discussion among the top economists in the country and reports of over 12,000 farmers committing suicide in Maharashtra making the headline, Prime Minister Narendra Modi is meeting with economic experts at Vigyan Bhawan in New Delhi on Saturday.

As per to the initial details, the meeting would be chaired by PM Modi and has been organised by NITI Aayog. It would be attended by Union Ministers of concerned departments, PM's economic advisors, bureaucrats, NITI Aayog members, sectoral experts and industrialists. It is most expected that the key decisions would be taken to reform the agrarian crisis, and effective implementation of signature schemes, among others. Arvind Subramanian's GDP Overestimation Remarks Lack Proper Methodology, Claims PM Modi's Economic Panel

The meeting comes days ahead of the Union Budget that is scheduled to be tabled in Parliament by Finance Minister Nirmala Sitharaman. The brainstorming session between the PM Modi and top experts is being done to proceed India towards making the signature schemes implementable effectively.

Considering the case of agrarian crisis in the country, over 12,000 farmers in Maharashtra alone had committed suicides between 2015 and 2018, informed state Relief and Rehabilitation Minister Subhash Deshmukh in Legislative Assembly on Friday. Even the water crisis in the country has become an issue of concern in the present NDA government.

Apart from the agrarian crisis, significant schemes - launched in the first tenure of the Modi government - will also be discussed. Key reforms in the GST filing, Ayushman Yojana, Swachh Bharat and expenditure in the Defence sector are likely to be discussed in the meeting.

Sources in the ministry state that economic revival of the country is what PM Modi is looking at, as GDP over the last couple of years has been fluctuating and questions have been raised on the data. Though former chief economic advisor Arvind Subramanian's claims of over-estimated GDP growth has been quashed by the PM's economic panel, this can't be ruled out that India's position in the global economy had depreciated. Narendra Modi Govt's GDP Surge Claim Dubious, 36% of Firms in Database 'Untraceable or Misclassified': NSSO Report

As Sitharaman is gearing up to the table to the Union Budget in the Monsoon Session on July 5, PM Modi meeting with the Union Ministers, economists and top bureaucrats is definitely a good sign for the nation, which is eagerly waiting for the full-fledged budget.