Finance Minister Arun Jaitley reviewed the state of economy, including export scenario and infrastructure spendings in New Delhi yesterday, as the government looks to perk up economic activity to boost growth. <br/><br/>Sources said the prime focus of the Government is on sectors and industries that create jobs. The focus is also on targeting government spending given the limited fiscal space available particularly on infrastructure, combined with quickly fixing the problems with GST.<br/><br/>The Prime Minister's Office has asked the finance ministry to hold consultations with key ministries to prepare a matrix of government revenues and spending as well as the measures needed to arrest the decline in GDP growth. <br/><br/>Government is keen to address structural problems facing the economy as well as transient issues with the implementation of the Goods and Services Tax (GST). <br/><br/>The GST was touted to boost growth by up to 2 percentage points but technical glitches in the first two months of implementation have only created a scare that revenues may fall way short of expectations.<br/><br/>Government sources said, the review meeting, which lasted for over two hours, was also attended by Commerce Minister Suresh Prabhu, Railway Minister Piyush Goyal and Niti Aayog Vice Chairman Rajiv Kumar. <br/><br/>After finalising a detailed roadmap for the economy, Mr Jaitley and finance ministry officials would make a presentation to the Prime Minister on steps that could be taken to rejuvenate the economy.

Finance Minister Arun Jaitley reviewed the state of economy, including export scenario and infrastructure spendings in New Delhi yesterday, as the government looks to perk up economic activity to boost growth. <br/><br/>Sources said the prime focus on sectors and industries that create jobs while targeting government spending given the limited fiscal space available particularly on infrastructure, combined with quickly fixing the problems with GST.<br/><br/>The Prime Minister's Office has asked the finance ministry to hold consultations with key ministries to prepare a matrix of government revenues and spending as well as the measures needed to arrest the decline in GDP growth. <br/><br/>Government is keen to address structural problems facing the economy as well as transient issues with the implementation of the Goods and Services Tax (GST). <br/><br/>The GST was touted to boost growth by up to 2 percentage points but technical glitches in the first two months of implementation have only created a scare that revenues may fall way short of expectations.<br/><br/>Government sources said, the review meeting, which lasted for over two hours, was also attended by Commerce Minister Suresh Prabhu, Railway Minister Piyush Goyal and Niti Aayog Vice Chairman Rajiv Kumar. <br/><br/>After finalising a detailed roadmap for the economy, Mr Jaitley and finance ministry officials would make a presentation to the Prime Minister on steps that could be taken to rejuvenate the economy.