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The first meeting of the newly-constituted Economic consultatory Council to Prime Minister Narendra Modi (EAC-PM) is going to control nowadays at the NITI Aayog.

The council got wind of with the Prime Minister's approval on September twenty-six, 2017 and comprising reputed economists and consultants, will be chaired by Dr. Bibey Debroy. Principal advisor of NITI Aayog Ratan P. Watal is the council'a member secretary and Dr. Surjit Bhalla, Dr. Rathin Roy and Dr. Ashima Goyal its part-time members.With the constitution of the Council, the govt. has got wind of a novel freelance institutional mechanism. this can be mandated to analyze all crucial problems, economic or otherwise named it by the Prime Minister and to advise him on the similar. Members of the Council will be expected to handle problems with macroeconomic importance and categorical their views.

The Council controls a brainstorming session with stakeholders on October nine at the NITI Aayog within the run-up to the primary meeting of the Council.  The Council can address all problems with emerging importance, can interact with a broad spectrum of stakeholders and formulate recommendation consequently.

In another development, former rbi Governor C Rangarajan said that he expected the economy to grow at 6.5 percent for the year 2017-18. He additionally said that job opportunity and economic process of the country were inter-related.

"Jobs (jobs creation) aren't freelance. they're associated with growth. once the economy grows, jobs additionally grow. thus you can't talk about jobs individually from growth", the previous chairman of the Prime Minister's Economic consultatory Council said.

"I assume the likelihood is that growth can obtain within the next few quarters however one does not understand by what quantity. maybe by the year as a full my very own estimation is that the economy might grow at 6.5 percent", the former run Governor noted.
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