PM Modi Discusses Jobs, Long-Term Growth With Economists In Pre-Budget Meet

Prime Minister Narendra Modi🐲 met a select group of economists and sector experts to discuss the strategy and key points for the Union Budget 2025-26. Under the theme “Sustaining India’s growth momentum amid global uncertainty”, topics ranging from job creations, long term growth towards Viksit Bharat, increasing farm productivity, tackling geopolitical crises were discussed.

♌During the session, PM Modi stressed that a developed nation requires a fundamental shift in mindset, with a focus on making India a developed country by 2047.

🗹The participants shared their views on several significant issues, including navigating challenges posed by global economic uncertainties and geopolitical tensions, strategies to enhance employment particularly among the youth and creating sustainable job opportunities across sectors.

꧙Some of the economists who were present in the meeting were Dharmakirti Joshi, Surjit Bhalla, Ashok Gulati, Soumya Kanti Ghosh, Janmejaya Sinha and Amita Batra, among others.

Union Finance Minister Nirmala Sitharaman is scheduled to present the Budget for 2025-26 in the Lok Sabha on February 1, 2025.

𒈔The share markets will remain open for trade on Saturday, February 1 according to an NSE circular.

🎀Normally Indian stock markets remain closed on Saturday but a special trading session will be organised on Budget Day. A special trading session was organised on Saturday, February 1, 2020 as well.

𒈔Earlier, Sitharaman met her state counterparts on December 21 and December 22 for pre-budget consultations. A meeting of the GST Council was also held during the two days. The finance ministers of states also presented their recommendations for the 2025-26 Union Budget during the two days. Sitharaman will present her eighth consecutive Union Budget in 2025. The market is open for trade on the day of the announcement of the Union Budget as the market reacts to the various announcements made by the Finance Minister.