Two high-level committees to drive economic growth and jobs set up by PM Narendra Modi

Another 10-member Cabinet Committee headed by the PM will focus on employment and skill development
Representational Image
Representational Image

With a view to spur economic growth and jobs, two new high –powered ministerial panels have been formed headed by the Prime Minister Narendra Modi.

Sources said that the new panels will tackle the two challenges facing the government— economic growth and jobs — in an urgent and concerted manner.

Cabinet Committee on Investment and Growth comprising five members has been formed under the PM’s leadership and includes cabinet heavyweights like Home Minister Amit Shah, Minister of Road Transport & Highway and Minister for MSME Nitin Gadkari, Finance Minister Nirmala Sitharaman and Railway and Commerce Minister Piyush Goyal.

Another 10-member Cabinet Committee headed by the PM will focus on employment and skill development. It comprises Shah, Sitharaman, Goyal, Agriculture, Rural Development and Panchayat Raj minister Narendra Singh Tomar, HRD minister Ramesh Pokhriyal Nishank, Petroleum and Steel Minister Dharmendra Pradhan, Skill and Entrepreneurship Minister Mahendra Nath Pandey and Ministers of State Santosh Kumar Gangwar and Hardeep Singh Puri.

The constitution of these two committees will drive the government’s attention on the two key challenges and enable faster solutions through their respective ministries. Sources said that the upcoming budget may have some solutions in this regard.

The Indian economy grew at a much slower-than-expected 5.8% in the January-March quarter of the fiscal year 2018-19, compared with 6.4% in China, government data showed last Friday. It was the slowest growth rate in more than four years in the January-March period, falling behind China's pace for the first time in nearly two years.

Data on employment released by the Ministry of Statistics last week showed that the unemployment rate rose to 6.1% in the fiscal year 2017-18, a 45 year-high. The government has, however, said that the data released by the National Sample Survey’s Office (NSSO) was based on a new design methodology and, therefore, not comparable to previous data.

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