Prime Minister Narendra Modi on Saturday chaired a meeting of the Prime Minister?s Economic Advisory Council (PM-EAC), where members deliberated on strategies to sustain India?s economic momentum amid growing global uncertainties and geopolitical tensions.
According to sources, the meeting focused on a range of ideas and policy measures aimed at strengthening economic growth, enhancing resilience against external shocks and accelerating reforms to improve both ease of living and ease of doing business in the country.
Members of the council reviewed the evolving global economic landscape and assessed the potential implications of the ongoing conflict in West Asia on India and the wider world economy.
Discussions covered the possible impact of
geopolitical instability on energy markets, supply chains, inflationary pressures and global trade flows, all of which have emerged as key concerns for policymakers across the world.
The deliberations come at a time when the government is closely monitoring developments in the region amid heightened uncertainty over energy supplies and their potential effect on major importing nations, including India.
The council also discussed measures that could help strengthen domestic economic activity, support investment, boost productivity and create a more conducive environment for businesses.
Reforms aimed at reducing compliance burdens, improving service delivery and enhancing citizens? quality of life were among the issues taken up during the meeting.