PM Modi meets India Inc on global economic scenario

High level consultative meet on recent global events- opportunities for India is underway here in the national capital under the chairmanship of Prime Minister Narendra Modi. 

Over 40 delegates, including Cabinet Ministers, top officials of the government, RBI, industry representatives, top bankers and leading economists and sectoral experts are attending this meeting.

Captains of India Inc, including Tata group chief Cyrus Mistry, Reliance Industries Chairman Mukesh Ambani, Reliance Group head Anil Ambani, State Bank of India Chairman Arundhati Bhattacharya, ICICI Bank Managing Director and chief executive Chanda Kochhar, Aditya Birla Group Chairman Kumar Mangalam Birla and Adani Group chief Gautam Adani are present at the meeting.

RBI Governor Raghuram Rajan and Niti Aayog Vice-Chairman Arvind Panagariya are also present at the meeting.

A wide-ranging discussion is expected on the impact of recent economic events, and how best India can take advantage of them.

According to the schedule for the meeting, Finance Minister Arun Jaitley opened the session at 10.30 am followed by a presentation from the Chief Economic Advisor Arvind Subramanian. The 27 invitees will get three minutes each for their presentations. This will be followed by a 10-minute discussion, after which the PM will address those present and Jaitley will sum up.

The last time Modi had met industry representatives was on June 30. That meeting was aimed at hearing industry’s grievances on issues such as high capital costs, ease of doing business and taxation. It was the first time he met industry leaders together, since taking over as PM in May 2014. He, had, however held separate meetings with a few companies and business chamber earlier.