Pre-Budget meet: Fundamentals are strong, economy will rebound, says PM

Economists ask Modi to restore data credibility, provide stimulus

Prime Minister Narendra Modi said on Thursday that the fundamentals of the Indian economy were strong, it had the capacity to bounce back, and the Centre was expecting an economic revival in the coming quarters.

At a pre-Budget meeting, organised by the NITI Aayog, with economists, business leaders, entrepreneurs, and sectoral experts, Modi said: “The strong absorbent capacity of the Indian economy shows the strength of basic fundamentals of the Indian economy and its capacity to bounce back.”

He added that sectors like tourism, urban development, infrastructure, and agri-based industry had great potential to take forward the economy and for