Finance minister Arun Jaitley, transport minister Nitin Gadkari, agriculture minister Radha Mohan Singh and secretaries of various departments, also attended the meeting, said Kumar.
The Vice Chairman NITI Aayog Rajiv Kumar, and senior officers from the Union Government and NITI Aayog were also present, the release informed.
Ahead of the budget, Prime Minister Narendra Modi is likely to hold a meeting with 30 top economists of the country on January 10. The recapitalisation of banks was also discussed and Kumar said the view was that recapitalisation should also be accompanied by governance reforms in the banks.
"NITI Aayog had set up a task force to examine what we call high frequency employment data".
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An official statement said that during the session, participants shared their views on various economic themes such as the macro-economy, agriculture and rural development, and employment. "I am trying to create capability in the Aayog hopefully in collaboration with the Ministry of Labour to trap this data", he said. "There is a much better news on employment", Kumar said at a press conference here.
Rajiv Kumar, vice-chairman of federal policy think tank NITI Aayog, which organized the discussion, said at a briefing that many experts suggested measures for raising farm productivity, reducing cost of farming and improving market access for farmers.
The meeting came in the backdrop of latest estimates of national income by Central Statistics Office which showed that India's growth is expected to slow down to a four- year low of 6.5 per cent this fiscal, the lowest under the Modi-led government.
A number of presentations were before the Prime Minister for the duration of the conference after which, he expressed thanks to all participants for their proposals and observations and assured them that the government will mull over on these issues. Several cabinet ministers also attended the meeting.