PM Modi meets economists to review economy post note ban

December 27, 2016 20:13

Prime Minister Narendra Modi today met top economists, officials and members of the Niti Aayog to take stock of the economy, especially in view of the notes ban and the cash crunch that has followed.

Sources said that the PM wanted feedback from the experts and is keen to chalk out a strategy to deal with the adverse impact of the currency crunch on the economy, particularly in the unorganised sector where people have lost jobs.

PM Modi, during the meeting, said the budget cycle has an effect on the real economy, and "the date of budget presentation is being advanced, so that expenditure is authorized by the time the new financial year begins," according to a government statement.

The meeting was held just over a month before the government presents the union budget on February 1.

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