PM Modi chairs meeting with his Economic Advisory Council
Prime Minister Narendra Modi (2R) during the meeting with his Economic Advisory Council, on June 6, 2026. (Photo: PMO)
New Delhi: The prime minister, Narendra Modi, met the members of his Economic Advisory Council on Saturday. During the meeting, they discussed various ideas and measures to further boost India’s economic growth in times of global turmoil. Official sources told RNA that various reforms to improve ease of living and ease of doing business were also discussed.
The members also gave their assessment of the impact of West Asia conflict on India and the world.
This meeting comes a day after the Reserve Bank of India’s six-member monetary policy committee unanimously decided to keep the central bank’s repo rate unchanged at 5.25 per cent. The panel arrived at the decision after discussing it for two days.
India’s economic outlook has come under renewed scrutiny amid persistent pressure on the rupee, which has weakened against the US dollar in recent months due to a combination of global headwinds, capital outflows and elevated energy import costs. A softer rupee increases the cost of imports, particularly crude oil, and can add to inflationary pressures, which has complicated the policy choices available to economic policymakers.
The developments have coincided with reports that the RBI has adjusted portions of its reserve management strategy, including transactions involving its gold holdings. While the central bank continues to maintain substantial foreign exchange and gold reserves, analysts view such measures as part of broader efforts to strengthen liquidity, manage currency volatility and ensure financial stability amid uncertain global market conditions.
At the same time, concerns have emerged over signs of a broader economic slowdown, with weaker private consumption, sluggish investment activity and uneven export performance affecting growth momentum. Economists have cautioned that while India remains one of the world’s fastest-growing major economies, sustaining high growth rates will require continued policy support, stronger job creation and measures to stimulate domestic demand in the face of a challenging international economic environment.
