The newly constituted Economic Advisory Council to the Prime Minister will hold its first meeting in New Delhi tomorrow. <br/><br/>The five member committee comprising reputed economists and experts was constituted by the Prime Minister Narendra Modi last month. <br/><br/>Niti Aayog member Dr Bibek Debroy is heading the council. <br/><br/>The other members of the council are Dr Surjit Bhalla, Dr Rathin Roy, Dr Ashima Goyal and Ratan Watal. With the constitution of the Council, the government has set up a unique independent institutional mechanism. <br/><br/>This is mandated to analyze all critical issues, economic or otherwise referred to it by the Prime Minister. <br/><br/>It is also required to address issues of macro-economic importance and presenting its views. <br/><br/>The meeting comes in the backdrop of increasing concerns over declining GDP growth momentum. <br/><br/>The slowing of GDP in June quarter triggered concerns especially regarding flagging consumer demand. <br/><br/>The revival of the council signals the government's effort to tap economists for new ideas on the economy. <br/><br/>The Council will address all issues of emergent importance, engage with a broad spectrum of stakeholders and formulate advice accordingly.