Prime Minister Narendra Modi has pushed forward a growth agenda at a meeting of his Economic Advisory Council, amidst economic pressures. The meeting came a day after official data showed India's economy grew 7.7% in 2025-26, and the government unveiled a package of foreign investment reforms.
Modi and EAC members deliberated on various ideas and measures to further boost economic growth in the ongoing uncertain global environment. The meeting was also against the backdrop of criticism from opposition parties, which have cited the rupee's deterioration against the dollar and rising retail fuel prices as evidence of policy failure.
The government has taken measures to widen investment options for foreign individuals and portfolio investors in Indian equities and made government bonds more attractive with tax concessions. The RBI has also taken monetary measures to boost foreign exchange inflows and support the rupee.
The Economic Advisory Council to the Prime Minister is an independent body constituted to advise the government on economic and related issues. Its remit includes analysing issues referred to it by the Prime Minister, addressing macroeconomic matters suo-motu or on reference from the Prime Minister or others, and attending to any other tasks the Prime Minister may assign.
