Finance Minister Arun Jaitley will undertake a high-level review of the economy to discuss measures, including a possible stimulus package, to be taken amidst an economic slowdown. Commerce minister Suresh Prabhu, NITI Ayog vice chairman Rajiv Kumar and secretaries in the finance ministry -- Ashok Lavasa, Subhash Chandra Garg, Hasmukh Adhia, Rajiv Kumar and Neeraj Kumar Gupta -- are expected to attend the brainstorming session on Tuesday evening. Originally, the review was to take place with Prime Minister Narendra Modi’s participation. Only last week, chief economic adviser Arvind Subramanian met Modi and discussed the state of economy. Pulled down by sluggish manufacturing, growth in the Indian economy in the first quarter of this fiscal fell to 5.7%, clocking the lowest GDP growth rate since Modi took power in May 2014.

Source: Hindustan Times September 19, 2017 03:22 UTC