Employment generation is expected to be high on the agenda of Economic Advisory Council to the Prime Minister (EAC-PM) which will hold its first meeting today. The Council headed by Bibek Debroy held a brainstorming session with stakeholders on Monday in the run up to its first meeting on Wednesday.
The Council will address all issues of emergent importance, will engage with a broad spectrum of stakeholders and formulate advice accordingly, an official statement said yesterday.
The Indian Express quoted sources as saying that the “accelerating economic growth and employment” appears to be a key issue on the table for the advisory group.
The Council was set up with the approval of Prime Minister Narendra Modi late last month and its members include NITI Aayog member Bibek Debroy as Chairman, Principal Adviser to NITI Aayog Ratan P Watal as member secretary and Surjit Bhalla, Rathin Roy and Ashima Goyal as part time members.
The announcement to form the group came on September 25 after the GDP growth registered a three-year low at the end of the first quarter of the current fiscal.
With the constitution of the Council, the government has set up a unique independent institutional mechanism, according to a government statement.
The Council is mandated to analyse all critical issues, economic or otherwise referred to it by the Prime Minister and advising him thereon.
It is also required to address issues of macro-economic importance and presenting views thereon, the statement pointed out.
(With PTI inputs)
