PM Modi to Chair NITI Aayog Governing Council Meeting Today; Focus on Economy, Budget Plans, and State Participation.
New Delhi. Prime Minister Narendra Modi will chair the NITI Aayog Governing Council meeting at Bharat Mandapam in Delhi on Saturday. This meeting is considered crucial for the nation's economy. Chief Ministers of all states, Lieutenant Governors of Union Territories, and several Union Ministers will participate. This NITI Aayog meeting is taking place at a time when India has recently taken b action against terrorism in Pakistan and PoK. Therefore, this meeting becomes significant from both national security and economic development perspectives.
What is the Role of the Governing Council?
The NITI Aayog Governing Council is the apex body in India's policy-making structure, where all states and Union Territories come together to deliberate on national policies. Prime Minister Narendra Modi is its chairperson. This platform facilitates collaboration between the Center and states, working towards a "Team India" approach.
Why is this Meeting Special this Year?
This year's meeting will primarily focus on the nation's economic condition and its improvement. Sources indicate that the meeting will discuss the priorities of the 2025-26 budget, as well as the challenges currently facing the Indian economy. The impact of the global recession, China's sluggish economy, and tariffs imposed by the US are also being felt in India.
IMF and World Bank Lower Growth Projections
Both the International Monetary Fund (IMF) and the World Bank have lowered their growth projections for India. The IMF predicts a growth rate of 6.2% for 2025-26, while the World Bank projects 6.3%. Global uncertainty and trade tensions are cited as the reasons. Despite this, India is working on a new strategy to maintain its economic growth.
Ten States Absent Last Year
It is noteworthy that ten states and Union Territories did not participate in the same NITI Aayog meeting last year. This year, the government is striving for full participation to ensure inclusive development. The Center is expecting greater participation and cooperation this time.
What is the Meeting's Agenda?
This NITI Aayog meeting is expected to discuss major sectors such as agriculture, education, health, employment, infrastructure, and Digital India. Furthermore, water scarcity, preparedness for natural disasters, and better resource allocation among states will also be addressed.
