PM interacts with economists, experts

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The meeting was attended by several Union Ministers including Finance Minister Arun Jaitley, who look after economic subjects.

Briefing reporters about the meeting, Niti Aayog Vice- Chairman Rajiv Kumar said over 40 economists and experts shared insightful views on various aspects relating to the economy and policy-making. "So we need to shift our focus to productivity, lowering costs, increasing efficiency, and giving farmers access to markets", he said.

Eyeing at exploring the different dimensions of the country's economy, Prime Minister Narendra Modi, attended an interactive session with over 40 economists and other experts.

"Prime Minister Narendra Modi will interact with leading economists and the experts across sectors from all over the country at NITI Aayog tomorrow", an official statement said on Tuesday.

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Kumar said the statistics on lack of employment generation has been overstated.

"I am hoping NITI Aayog will monitor high frequency data on employment on a regular basis and actually create new data set which is not available as of now".

"There is a much better news on employment" contrary to the data provided by labour bureau and the Centre for Monitoring Indian Economy (CMIE).

On the issue of unemployment, experts opined that rate of education is contributing to higher number of jobless youth, thus, "As you educate more people, raise aspirations and you have to provide them with jobs".

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In his intervention, Mr. Modi thanked the participants for their suggestions and observations.

The Niti Aayog Vice-Chairman said all the participants unanimously supported the National Medical Commission Bill, which has been referred to a parliamentary committee for scrutiny.

Kumar also disclosed the agenda of the meeting to ANI. But, the World Bank numbers released on Wednesday are quite optimistic - the economic growth is expected to accelerate to 7.3% this year and 6.7 per cent in 2017.

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