EAC identifies 10 key areas to address economic slowdown

The Economic Advisory Council (EAC) to the Prime Minister has zeroed in on 10 key areas for economic stabilization and bringing the economy back to shape over the next six months. Acknowledging a slowdown, the Council has picked up monetary policy, job creation, public expenditure, agriculture and animal husbandry among the top focus areas. 

The EAC, in its first formal meeting on Wednesday, saw Chief Economic Advisor Arvind Subramanian making a presentation on how to boost economic growth using a combination of policy levers. 

EAC Chairman Bibek Debroy, who is also a Member of the NITI Aayog, commented that the members of EAC have reached a consensus that various reasons have been in play that slowed down growth. “Our entire thrust would be on implementable decisions. Our views on the ten identified areas would be on specific things that you can change tomorrow,” he said....Read More

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