Budget to tackle rural distress, job creation, investments

Budget to tackle rural distress, job creation, investments

Budget to tackle rural distress, job creation, investments

Finance Minister Arun Jaitley also expressed thanks to everyone for their "brain-storming-suggestions", as per government official statement said.

NITI Aayog Vice Chairman Rajiv Kumar told the media after the meeting that employment was one of the key subjects discussed during the meeting. Prime Minister's interaction them focused on finding ways to doubling farmers' income.

Ahead of the budget, Prime Minister Narendra Modi is likely to hold a meeting with 30 top economists of the country on January 10.

"The suggestions from experts included those for the forthcoming budget as well as for longer term structural reforms", said Kumar.

During the meeting the participating experts shared their views on various economic themes including macro-economy, agriculture and rural development, employment, health and education, manufacturing and exports, urban development, infrastructure and connectivity.

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"I am hoping NITI Aayog will monitor high frequency data on employment on a regular basis and actually create new data set which is not available as of now". And the numbers are startling and not as disappointing as showed by the Labour bureau, he said.

"The statistics we are getting on lack of employment generation are probable overrated".

Rajiv Kumar, vice-chairman of federal policy think tank NITI Aayog, which organized the discussion, said at a briefing that many experts suggested measures for raising farm productivity, reducing cost of farming and improving market access for farmers. Kumar also added that the National Medical Commission Bill was supported by all the experts including doctors.

In his intervention, the PM thanked various participants for their suggestions and observations on various aspects of the economy.

It further said that the emphasis is on sharing the views of the experts from all over the country on the road ahead for the economic policy to steer the nation towards a New India envisioned by the prime minister.

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