PM Modi to Meet India Inc Today Amid Global Turmoil: 10 Developments

Prime Minister Narendra Modi will meet about 40 captains of industry and leading economists today to deliberate on recent developments in the global economic scenario and the opportunities it presents for India. 

Here's a 10-point cheat sheet: 

1) This is the PM's second meeting with India Inc in two months and is being held at a time that markets around the globe are turbulent due to a slowing Chinese economy. 

2) The meeting also comes as the US prepares to raise interest rates. 

3) The agenda for the meeting is 'Recent Global Events - Opportunities for India', but a worried India Inc is also expected to bring up its concerns about the slow pace of reforms.

4) Among other issues expected to be raised by industry leaders are investment bottlenecks, poor credit growth and ease of doing business.

5) Sources said the effect of political developments on reforms like the government having to drop the changes it planned to the law to  ease land acquisition and  its inability to get the Goods and Services Tax Bill through Parliament is also expected to come up. 

6) The meeting today will begin with an address by Finance Minister Arun Jaitley. 

7) Chief Economic Advisor Arvind Subramanian will make a presentation. 

8) The heads of all three industry chambers - Ficci (Federation of Indian Chambers of Commerce and Industry), CII (Confederation of Indian Industry) and Assocham are among those invited for the meet. Representatives from Federation of Indian Export Organizations (FIEO) will also attend the meeting.

9) The PM had last met business leaders on June 30 to hear their grievances on issues ranging from high capital cost to ease of doing business and taxation matters.

10) Today's meeting will be held at the PM's Race Course Road residence from 10.30 am. It is expected to last a little over two hours.