New Delhi, June 6: Prime Minister Narendra Modi chaired a meeting of the Economic Advisory Council (EAC-PM) on Saturday. Officials reported that the discussion focused on maintaining the country’s economic growth momentum, strengthening the economy further, and addressing emerging global challenges amid the crisis in West Asia.
The meeting aimed to explore strategies to accelerate economic growth at a time when many major economies worldwide are grappling with geopolitical uncertainties, supply chain disruptions, and weak demand.
According to officials, Prime Minister Modi and the council members shared insights on necessary policy measures to sustain India’s growth rate and ensure macroeconomic stability amid tough global conditions.
The meeting also addressed reforms aimed at easing the lives of citizens and enhancing the ease of doing business. Key points of discussion included making governance more effective, reducing compliance burdens, and creating a better environment for investment and entrepreneurship.
A significant portion of the meeting focused on the impacts of the ongoing conflict in West Asia. Council members discussed its potential effects on India and the global economy.
During the discussions, concerns related to energy markets, trade routes, and overall economic stability were reviewed, as long-standing tensions in the region have been increasing uncertainty in global markets.
This crucial meeting took place at a time when, despite rising global uncertainties and geopolitical tensions, India remains one of the fastest-growing major economies in the world.
For the January-March quarter (fourth quarter) of the fiscal year 2025-26, India’s GDP growth rate is projected to be a robust 7.8%, while the overall growth rate for the fiscal year is estimated at 7.7%. This performance has been largely driven by strong growth in the agriculture, construction, and service sectors.
India imports a significant portion of its energy needs. Therefore, the government is closely monitoring the situation in West Asia, as prolonged instability could impact crude oil prices and international trade flows.
The Prime Minister’s Economic Advisory Council comprises economists and policy experts who provide independent advice on economic and developmental issues, guiding the government on long-term growth priorities and emerging economic trends.
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