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EconomyPIB6 June 2026

Prime Minister chairs meeting of the Economic Advisory Council to the Prime Minister

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๐Ÿ“Œ Summary:

  • PM Narendra Modi chaired a meeting of the Economic Advisory Council to the Prime Minister (EAC-PM) on 6 June 2026

  • Deliberations covered India's economic transformation and long-term development priorities

  • Discussions focused on adding momentum to the reforms journey and ensuring 'Ease of Living' as well as 'Ease of Doing Business'

๐ŸŽฏ UPSC Relevance: GS3 (Indian Economy โ€” growth, development & reforms) and GS2 (non-constitutional advisory bodies). EAC-PM is a recurrent Prelims body.

๐Ÿ“ Prelims Facts:

  • EAC-PM is an independent, non-constitutional, non-statutory body that advises the Government (chiefly the PM) on economic and related matters

  • It is provided administrative/logistical support through NITI Aayog; its members are eminent economists

๐Ÿ”‘ Key Term: Ease of Doing Business โ€” a measure of how business-friendly a country's regulatory environment is, used to attract investment and spur growth.

EAC-PMeconomic reformsEase of Doing BusinessNITI Aayog

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