They have gained insights and understanding of our economy and polity which will substantially help in achieving our goals of growth with equity, dignified life for all our people and in our pursuit of reforms with a human face. As all of us are well aware, the Government of India is irrevocably and unequivocally committed to the attainment of the Millennium Development Goals (MDG).
In this context, it is our current challenge to work out effective ways to give form and shape to economic policy co-ordination. The ‘M’ of EMU requires an ‘E’ with real substance. We should, however, not cause E and M to conflict by establishing a formal Stability Council.