Economic liberalization, jobs, the highest agenda banking reforms as Prime Minister Moody meets with senior officials

Prime Minister Narendra Modi held a high -level consultation with senior economists and senior trustees on August 18, as the agenda was about enhancing growth, creating jobs, and enabling small companies to expand, the sources told the business today.

According to people familiar with the discussions, experts recommended a new wave of liberation to attract investment and pay competitiveness. They urged the government to simplify regulations, reduce the red tape of reliable companies, and enhance banking reforms to ensure smoother credit flow.

The suggestions also included rationalizing fertilizer benefits to liberalize the financial space, increasing government spending to stimulate demand, and creating political incentives to mobilize in investing the private sector.

The source said that there was also a discussion about the presence of a 100 -day agenda, which the government is working on.

The sources also added that the Prime Minister heard the inputs strongly and stressed that creating job opportunities and expanding small institutions, especially msmes, will be essential in the economic strategy of India. Modi has learned that emphasizing the need for a supportive environmental system where small companies can grow into larger players in the world.

“The clear message is that India must pay the next wave of reforms, cut the red tape, strengthen banks, and give small companies the tools needed to expand their scope. The Prime Minister focuses heavily on jobs and destruction modes.”

The meeting comes after the title of the PM MDI independence day, where it announced the reforms of the commodity and services tax “from the next generation” (GST) for implementation by DIWALI 2025. It has been developed as the largest renewal since the emergence of commodity and services tax in 2017, the moves aim to simplify the panels and reduce costs on daily use and small cars while maintaining a higher price for the sin. The center circulated a draft of the states and requested its cooperation, with final changes depending on the approval of the Commodity and Services Tax Council. Early outline indicates fewer basic panels – two times – at a special rate of 40 %.