One proposal from executives is government investment to develop irrigation systems, while helping to modernise agricultural frameworks.
While economists and industry leaders say the proposals by executives to Prime Minister Anutin Charnvirakul on May 15 are practical and should be implemented, they noted more needs to be done by the government to ensure sustainable growth, calling for structural reform focusing on improving small business competitiveness.
Structural reforms
Amonthep Chawla, chief economist at CIMB Thai Bank, said the proposals cover both short-term economic stimulus and long-term growth initiatives, which are reasonable and feasible for the government to implement.
Stimulus measures such as the co-payment scheme support domestic consumption amid sluggish demand, primarily caused by the impact of the war in Iran, he said.
