PM promises more reforms

The Prime Minister's Council on Trade & Industry met today to discuss issues concerning the Indian economy.  The agenda focused on measures to correct the Current Account Deficit; the slowdown of industrial growth and measures to revive it; depreciation of the Rupee and its impact on trade and industry; skill development and development of industrial corridors.
The meeting was attended by the Finance Minister, the Commerce & Industries Minister, Deputy Chairman of the Planning Commission, Chairman of the National Manufacturing Competitiveness Council, Chairman of PM's Economic Advisory Council, senior officials of the government and from the industry, Shri Rahul Bajaj, Dr. Ashok Ganguly, Shri Mukesh D. Ambani, Shri Narayana Murthy, Shri Azim Premji, Ms. Swati Piramal, Shri Deepak Parekh, Shri Jamshyd N. Godrej, Ms. Chanda Kochhar, Shri Venu Srinivasan, Shri Sunil Kant Munjal, Shri S. Gopalakrishnan, Dr. Rana Kapoor, Shri Sunil B. Mittal, Smt. Naina Lal Kidwai.
The Prime Minister welcomed the gathering and invited the captains of industry to give suggestions to improve the economy and remove the mood of pessimism that has unnecessarily spread in some quarters.  The Finance and Commerce Ministers then briefed the Council on the government's thoughts on the agenda.
There was a detailed and lengthy discussion on the issues.  While some expressed their concerns, some gave concrete suggestions on how to improve matters.
The overall sentiment was on the need to bring back the mood, converting decisions to action and taking the country back to a growth path of 8% or more.
The Prime Minister concluded by thanking the Council for its suggestions.  He said it was a rewarding discussion.  The Prime Minister wanted a report to be submitted within one month on what can be done in the next 2-3 months.