New Delhi: In his first visit to the newly-established NITI Aayog on Friday, Prime Minister Narendra Modi emphasised the need for cooperative federalism and favoured healthy competition for development among states.
Interacting with eminent economists at NITI Aayog, the Prime Minister PM favoured healthy competition for development among states. He noted that one of the objectives of NITI Aayog was to establish a dynamic institutional mechanism where eminent individuals outside the Government system could contribute to policy-making.
The Prime Minister said India must develop fast, taking advantage of current global environment, to meet the aspirations of the people. The Prime Minister spoke of the Government's recent initiatives, including the Pradhan Mantri Jan Dhan Yojana, direct cash transfer of LPG subsidy, and Swachh Bharat.
The Prime Minister said he looked forward to the interaction and suggestions from the eminent gathering.
Finance Minister Arun Jaitley and Vice Chairman of NITI Aayog Arvind Panagariya also made brief opening remarks.
The economists present at the interaction were Vijay Kelkar, Nitin Desai, Bimal Jalan, Rajiv Lall, R Vaidyanathan, Subir Gokarn, Parthasarathi Shome, P Balakrishnan, Rajiv Kumar, Ashok Gulati, Mukesh Butani and GN Bajpai.
The economists emphasised on the need for the Government to work towards high growth, predictable tax regime, fiscal prudence and rapid infrastructure development. A large number of other suggestions were also made on various sectors of the economy.
Bibek Debroy and VK Saraswat, members and CEO, NITI Aayog attended the meeting. Cabinet Secretary, Secretaries of Ministry of Finance, Chief Economic Adviser and other senior officers of the PMO and NITI Aayog were also present.
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