PM Modi Meets Economic Advisory Council to Discuss Growth Strategies
PM Modi holds huddle with Economic Advisory Council on growth strategy; deliberates measures to improve ease of doing business and living
Image: The Economic Times
Prime Minister Narendra Modi convened a meeting with the Economic Advisory Council to strategize on enhancing India’s economic growth and improving the ease of doing business. This follows recent measures by the government and the Reserve Bank of India to stabilize the rupee and attract foreign investment.
- 01India's economy grew by 7.8% in the March quarter, raising the FY26 growth estimate to 7.7%.
- 02The RBI has revised the FY27 growth forecast down to 6.6% due to inflation concerns from the Gulf conflict and a weak monsoon.
- 03Modi emphasized the need for reforms to enhance both Ease of Living and Ease of Doing Business.
- 04Recent government measures include tax exemptions for foreign investors and increased investment limits for NRIs and OCIs.
- 05The PM urged citizens to adopt austerity measures in light of economic challenges.
Advertisement
In-Article Ad
Prime Minister Narendra Modi held a meeting with the Economic Advisory Council (EAC) to discuss strategies for boosting India's economic growth and improving the ease of doing business. This meeting followed the government's and Reserve Bank of India's (RBI) recent initiatives aimed at supporting the Indian rupee and attracting foreign investments. India’s economy demonstrated a robust growth of 7.8% in the March quarter, leading to a revised FY26 growth forecast of 7.7%. However, the RBI has lowered its FY27 growth projection to 6.6% due to inflation risks stemming from the ongoing conflict in West Asia and anticipated adverse weather conditions affecting food prices. The meeting included discussions on various topics, including necessary reforms to maintain growth momentum and the impact of global events on the Indian economy. Modi has called for austerity measures among citizens, including reducing non-essential spending, as part of the government’s response to economic challenges. The government reassured the public about the availability of essential goods amid these economic adjustments.
Advertisement
In-Article Ad
The government's measures aim to stabilize the economy and support citizens amid rising inflation and global economic pressures.
Advertisement
In-Article Ad
Reader Poll
What do you think is the most effective measure to boost India's economy?
Connecting to poll...
More about Reserve Bank of India
Rupee Depreciation Forces Indian Students to Seek Additional Loans for Overseas Education
The Economic Times • Jun 7, 2026
India's Tax Reforms Aim to Strengthen Government Securities Market
The Times Of India • Jun 7, 2026

RBI Implements New Strategies to Attract Foreign Investment Amid Economic Challenges
Asianet Newsable • Jun 6, 2026
Read the original article
Visit the source for the complete story.





