NEW DELHI: The government may soon unveil a package of measures to speed up growth, generate employment, lift exports and step up investment in infrastructure.A broad framework to boost the economy was discussed in a meeting of ministers and officials chaired by finance minister Arun Jaitley late Tuesday evening as the government grappled with a slump in growth.Prime Minister Narendra Modi will take a final decision on the measures, according to people with knowledge of the deliberations. “We may need to take some specific, targeted steps... It's not as if there is a course correction,” a government official said.There has been concern in government circles over growth slumping to a three-year low of 5.7% in the April-June quarter with disruption due to the rollout of goods and services tax ( GST ) and lingering impact of demonetisation being the primary cause. A rise in the current account deficit and inflation has added to worries. Some economists have argued that the decline is structural in nature and needs to be addressed appropriately.Finance minister Jaitley is expected to consult other ministries before preparing a detailed plan that will be presented to the prime minister. The plan is expected to examine the reasons for the slowdown and the measures that can be taken to accelerate growth. A stocktaking meeting by the prime minister could not take place on Tuesday.Chief economic advisor Arvind Subramanian had briefed the prime minister on the economic situation last week.The meeting was attended by commerce and industry minister Suresh Prabhu , Niti Aayog vice chairman Rajiv Kumar, secretaries of key economic ministries and the additional secretary to the PM.The Confederation of Indian Industry (CII) called for a 100 basis point reduction in interest rates to “inject huge growth impulse” and urged the Centre and states to ensure that public capital investment remains elevated even as it pointed to a rebound in many sectors. A basis point is 0.01percentage point. The Reserve Bank of India is set to make its next monetary policy statement on October 4.State Bank of India’s Ecowrap said the economy has been in slowdown mode since the second quarter of FY17 and such prolonged slump cannot be called technical or transient.Quarterly growth has declined from 7.9% in first quarter of FY17 to 5.7% in first quarter of FY18. SBI group chief economic advisor Soumya Kanti Ghosh said there is urgent need of a fiscal push to shore up growth. That may not be easy since the government has pledged to reduce fiscal deficit to 3.2% of GDP this year and 3% next year.India’s exports have not picked up to the extent expected even as the global economy has rebounded. Export growth was 8.57% in the April-August period while imports rose 26.63%, worsening the trade deficit and the current account deficit.The appreciation of the rupee has eroded India’s exports competitiveness while teething troubles with GST have not helped. Exporters met revenue secretary Hasmukh Adhia to present demands for relief. The sluggish growth has also led to worries about job creation.