Roadmap to a Developed India: Insights from PM’s Meeting with Economists

Modi Government Aims for Developed India by 2047: Key Budget Strategies

The Narendra Modi-led central government has set an ambitious target to make India a developed nation by 2047. The upcoming general budget is expected to lay down the roadmap towards this goal. On Thursday, Prime Minister Narendra Modi will hold a crucial meeting with the country’s top economists and experts from various fields to gather their insights and suggestions for the budget.

The meeting will focus on formulating budget provisions that can accelerate economic reforms, attract investments, and provide relief to the middle and lower-middle classes. Key attendees will include Vice Chairman of NITI Aayog Suman Bery, other members of the NITI Aayog, and senior officials from the Ministry of Finance.

Finance Minister Nirmala Sitharaman is set to present the first general budget of Modi government’s third term on July 23. This budget is anticipated to bring significant relief to the middle and lower-middle classes, as well as boost the industry sector.

Accelerating Economic Reforms to Attract Investments

The government plans to expedite economic reforms to attract more investments. In her recent address to both houses, President Droupadi Murmu emphasized that the government would accelerate reforms during its third term. The strategy focuses on securing higher investments to boost growth rates and create job opportunities. During the meeting, the Prime Minister will seek expert opinions on necessary reforms across various sectors.

Roadmap to a Developed India

The Modi government’s vision of making India a developed nation by 2047 requires substantial efforts, particularly in the infrastructure sector. The meeting will also involve discussions on the roadmap to achieve this vision, with experts providing their valuable suggestions.

Significant Relief for Middle and Lower-Middle Classes

Politically, the government’s main concern is the welfare of the poor, middle, and lower-middle classes. Economists and experts from various fields have been advocating for relief measures for these segments. The government is considering providing relief in income tax and home loan sectors for the middle and lower-middle classes. Additionally, there are plans to introduce new schemes aimed at empowering the poorer sections of society. During the meeting, the Prime Minister will gather expert opinions on how best to provide relief to these groups.