The meeting was a courtesy call by Mistry, according to sources.
The Modi government, which was sworn in on May 26, has identified as "paramount" the need to put the Indian economy back on track.
Tata Group Chairman Emeritus Ratan Tata and his successor at the salt-to-software group Mistry, who had been invited to the swearing in, were unable to attend as they were travelling abroad.
Mistry took over as head of the USD 96.79 billion diversified conglomerate in December 2012.
Ahead of the Budget, industry leaders met Finance Minister Arun Jaitley last week, pitching for a conducive tax environment and a bold statement of economic reforms with a view to revive investor sentiment and promote growth.
India's economic growth remained below the 5 per cent mark for the second year in a row at 4.7 per cent in 2013-14. Industry has expressed hope of a rebound with a stable government headed by Modi, who is considered pro-business.
You’ve hit your limit of 5 free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app