Prime Minister Narendra Modi on Monday, met top industry leaders including Mukesh Ambani, Ratan Tata, and Gautum Adani, ahead of the Union Budget 2020-21.
The Union Budget which will be presented in the parliament on February 1, 2020, will be extremely crucial in sending a positive message to revive business sentiment amidst an economic slowdown.
Among the people who met the PM were Reliance Industries Limited (RIL) Chairman Mukesh Ambani, Tata Group’s Emeritus Chairman Ratan Tata, Chairman Bharti Industries Sunil Bharti Mittal, Adani Group Chairman Gautum Adani and Mahindra Chairman Anand Mahindra.
The key discussions of the meeting were based around the current slow pace growth of the Indian economy and job creation. PM Modi also discussed the issues concerning business leaders and measures to boost the economy. The Prime Minister has been meeting with different corporate leaders across sectors, seeking feedback and suggestions to boost economic growth. Last week, the PM also met bankers such as chief executive of Kotak Mahindra Bank Uday Kotak and State Bank of India chairman Rajnish Kumar.
Later, speaking at the centenary celebrations of Kirloskar Brothers in the evening, the PM encouraged businesses to invest without fear, stressing that action against a few corrupt entities should not be seen as the government crackdown on the corporate sector. The government will walk shoulder to shoulder with the industry, he added, in a bid to revive the animal spirit.
Modi has so far met over 60 entrepreneurs and businessmen from sectors such as FMCG, finance, renewable energy, diamond, retail, textiles, MSMEs and startups, and technology.