In preparation for the Union Budget 2025-26, Prime Minister Narendra Modi held a high-level consultation with prominent economists and sectoral experts at NITI Aayog in New Delhi on December 24, 2024. Key topics discussed included strategies for job creation, enhancing agricultural productivity, and funding major infrastructure projects to boost economic growth.
Priorities for Economic Growth
The discussions centered on:
- Job Creation: Exploring innovative ways to generate employment in both urban and rural areas, addressing the rising demand for skilled and semi-skilled labor.
- Agriculture: Increasing farm productivity through modern technology and sustainable practices, ensuring better income for farmers while reducing waste.
- Infrastructure: Mobilizing public and private investments to develop critical infrastructure, including roads, railways, and digital connectivity, to support India’s long-term growth.
PM Modi’s Remarks
Prime Minister Modi emphasized the importance of collaborative efforts to strengthen India’s economy. He stressed that the Union Budget must align with the nation’s development goals and reflect the aspirations of its people.
“The Budget should be a roadmap for inclusive growth, focusing on creating opportunities and addressing structural challenges in key sectors,” said the Prime Minister.
Input from Experts
Economists and experts shared insights on fiscal consolidation, policies to attract foreign investment, and measures to ensure sustainable economic expansion. They also highlighted the need for reforms in sectors such as education and healthcare to enhance human capital development.
This consultative approach is part of the government’s efforts to craft a forward-looking Budget aimed at maintaining India’s growth momentum while addressing pressing economic and social challenges. The Union Budget 2025-26 will be presented in February.