Prime Minister Narendra Modi will be meeting 40 industrialists and leading economists today to debate on recent developments across the global economic scenario and that opportunities it can provide for India.
Here are 10 points from the cheat sheet:
1. PM Modi will be meeting the India Inc for the second time in two months and which is being held at the time when the market around the globe are confused due to slow moving Chinese economy.
2. One of the major reason behind the meeting is the US prepares to raise interest rates.
3. The agenda for the meeting is ‘Recent Global Events – Opportunities for India’, but a worried India Inc is also expected to bring up its concerns about the slow pace of reforms.
4. Few other issues are expected to be raised by industry leaders, investments, poor credit growth and ease of doing business.
5. According to the sources, ‘the effect of political developments on few reforms like the government having to drop the changes it planned to the law to ease land acquisition and its inability to get the goods and services tax bill through Parliament is also expected to come up.’
6. Today’s meeting headed by PM will begin with an address by Finance Minister Arun Jaitley.
7. Arvind Subramanian, the Chief Economic Adviser will make a presentation.
8. The heads of all three industry chambers – Ficci, Confederation of Indian Industry (CII) and Assocham are among those invited for the meet. Representatives from Federation of Indian Export Organizations (FIEO) will also attend the meeting.
9. The last time that the PM met the business leaders was on June 30, to hear their grievances on issues ranging from high capital cost to ease is doing business and taxation matters.
10. Today’s meeting is scheduled at 10. 30 am and will be held at the PM’s Race Course Road residence. The meeting is expected to last a little over two hours.
