EAC-PM meeting focuses on job creation, social sector, infrastructure

Speed Post News Network

New Delhi : The second meeting of the Economic Advisory Council to the Prime Minister (EAC-PM) chaired by Bibek Debroy, Member NITI Aayog, on November 10, 2017, spelt out a clear roadmap for stepping up skill development, job creation, enhanced resource investment in the social sector including for Health and Education and for boosting Infrastructure financing.

It formulated far reaching recommendations to guide the evolving framework for the Fifteenth Finance Commission including the incentivization of states for achieving Health, Education and Social Inclusion outcomes, according to a PIB release. The Council is also evolving the design of a new Economy Tracking Monitor and linking economic growth indicators with social indicators for last mile connectivity.
Improvements needed in National Accounts and innovative steps for unlocking the growth, exports and employment potential of growth drivers were also deliberated.
The meeting was attended by EAC-PM Chairman Bibek Debroy and Members – renowned economists Surjit Bhalla, Rathin Roy, Ashima Goyal, Shamika Ravi and Member Secretary and Principal Adviser, NITI Aayog,  Ratan P Watal.

The Council took stock of the economic and social analysis done by the theme groups and evolving initiatives led by different Members. The Council identified key issues, strategies and recommended interventions in respect of these themes, according to the PIB release. Bibek Debroy underlined the need for infrastructure financing accorded high priority with new mechanisms for a risk coverage umbrella. Member NITI Aayog,  Vinod K. Paul, highlighted strategies for achieving Swastha Bharat by 2022