NEW DELHI: Prime Minister’s Council on Trade and Industry comprising top industrialists and bankers met on Wednesday and reviewed the economic situation, particularly in the wake of the European financial crisis.

Chaired by the Prime Minister, Dr Manmohan Singh, the meeting was attended by the Union Finance Minister, Mr Pranab Mukherjee, Commerce and Industry Minister, Mr Anand Sharma.
Industrialists attending the meet included Mr Ratan Tata, Mr Mukesh Ambani and Mr Sunil Mittal, and banker Ms Chanda Kochhar.
The council is believed to have discussed the possible impact of the European financial crisis on the Indian economy, which is projected to grow by 8.5 per cent in the current fiscal. In his press conference on Monday, the Prime Minister had emphasised the need for giving a boost to the manufacturing sector for achieving a Gross Domestic Growth of 10 per cent in the medium term.