New Delhi: Prime Minister Manmohan Singh Wednesday called for revival of “animal spirit” in the economy and directed the officials to take measures to revive sentiments of domestic as well as global investors.
The prime minister convened a meeting of top economic policy makers after taking charge of the crucial finance portfolio Wednesday.
Chief economic advisor at the finance ministry Kaushik Basu, chairman of the Prime Minister’s economic advisory council C. Rajgarajan and five secretaries from the finance ministry called on Prime Minister Manmohan Singh at his office.
“Reverse the climate of pessimism…revive the animal spirit in the country’s economy,” Singh told the policy makers during the meeting.
Prime Minister’s Office has taken charge of the finance ministry following the resignation of Pranab Mukherjee, who is nominated by the ruling coalition as its presidential candidate.
“Immediate emphasis is to manage balance of payment for which all policies should be directed to help institutional flows to India,” the prime minister said.
“In the short run, we need to revive investor sentiment – both domestic and international,” he added.