Economic Revival Committee submits report to Gujarat CM

The six-member Economic Revival Committee headed by Dr Hasmukh Adhia, former Finance Secretary, submitted its report to Gujarat Chief Minister Vijay Rupani on Friday. Deputy CM Nitin Patel and Education Minister Bhupendrasinh Chudasama, among others, were present on the occasion.

Rupani had constituted the committee to deliberate on economic revival measures including fiscal restructuring under post-Covid-19 pandemic scenario. It was also created to provide comprehensive suggestive measures for minimising the impact of disruptions created and restarting the cycle of economic activity.

The Committee conducted about 37 meetings which included discussions with about 44 internal stakeholders and 64 external stakeholders. Both the interim and final reports were submitted to the government of Gujarat.

The interim report comprising about 103 suggestions focusing on the immediate short-term measures to kickstart the economy was submitted to the government on 28 May. The committee also expressed satisfaction for accepting interim report suggestions and announcing package accordingly. The final report comprising 231 suggestions focusing on the medium and long-term strategies to provide enabling policy environment in the state was submitted on 12 June.

All recommendations of the committee are based on the development of Gujarat and focus on infrastructure strengthening, raising of resources, strategy for attracting investment including FDI, fiscal management strategies, measures to enhance benefits that the state can avail under the existing GoI schemes and Aatmanirbhar Bharat package announced by the Ministry of Finance.