Finance minister Nirmala Sitharaman will begin pre-Budget consultations with stakeholder groups from Monday, kicking off representations from across sectors in the run-up to the presentation of the Union Budget on February 1.
The discussions assume significance as the government is looking at solutions for reviving the economy, even as the finance ministry has taken multiple steps to boost domestic consumption and attract more foreign investment.
“Over next few days, FM will meet stakeholder groups from start-ups, fintech and digital, financial sector, capital markets, industry, services and trade, agriculture and agro processing, social sector, water and sanitation, trade union and labour organisations, industrialists, infrastructure, energy and economists,” the finance ministry said in a statement on Sunday.
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The first set of discussions, according to people aware of the matter, will be held with representatives of the ‘new economy’ including startups, fintech and digital industries, on using big data technology for improving the forecasting of economic, financial and climatic phenomena by analysing large data sets.
Source: Economic Times
