With economic growth remaining sluggish and the rupee depreciating, Prime Minister Manmohan Singh will have an interaction with captains of industry later this month to discuss ways to boost industrial output and contain the current account deficit (CAD).
Singh will meet leaders of industry on July 29 to review the state of the economy and work out steps to push growth.
The discussions will cover measures to correct CAD and revive industrial growth, a PMO statement said here today.
The issue of depreciation of the rupee and its impact on trade and industry will also be discussed.
The meeting assumes significance as the Government has been concerned about the sluggish growth, high CAD and depreciating rupee.
CAD last fiscal was 4.8 per cent and the Government intends to bring it down to 4.2 per cent this financial year.
The slide in the value of the rupee is another concern in the Government. The rupee today fell to an all-time low of 61.19 against dollar.
Singh will also discuss with captains of industry ways to accelerate skill development, besides development of the Delhi-Mumbai Industrial Corridor (DMIC), the Chennai-Bangalore Industrial Corridor (CBIC) and the Amritsar-Delhi-Kolkata Industrial Corridor (ADKIC).
Singh will meet leaders of industry a month after setting an investment target of Rs 1.15 lakh crore in PPP (public private partnership) projects across infrastructure sectors in rail, port and power in the next six months to pep up the investor.