June 2, 2023

Prime Minister Narendra Modi is meeting with top economists and experts ahead of the Union budget to be presented on July 5.

Economists are also likely to make presentations to the Prime Minister during the meeting at NITI Aayog.

India is facing slow-down in economic growth evidenced in the dip in industrial and manufacturing output numbers, dipping automobiles sales and reduced domestic oil consumption. Agrarian crisis and unemployment are some other challenges that the government is widely expected to confront through policy initiatives in this budget.

Government was also apprised of the expectations laid down by states and union territories in a pre-budget meeting with the Union finance minister Nirmala Sitharaman yesterday.

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