At the meeting, NITI Aayog vice chairman Arvind Panagariya will speak about the way ahead for India's rapid transformation, Modi said.
There will also be a presentation on the GST.
"Will chair the 3rd meeting of the @NITIAayog Governing Council tomorrow. Looking forward to wide ranging discussions on key policy issues," the Prime Minister tweeted.
"I look forward to hearing from the state Chief Ministers on their unique developmental efforts to transform India," he added.
Modi said Madhya Pradesh Chief Minister Shivraj Singh Chouhan, "who has revolutionised the agriculture sector" in his state, will share a presentation on the roadmap to double income of farmers.
The Council includes all chief ministers, NITI Aayog members and special invitees.