Stating that the welfare of one and all could not be ensured without stronger economic growth, finance minister Arun Jaitley on Wednesday called for a “co-operative” approach from trade unions to strengthen the “growth-oriented politics”.
“In the changed atmosphere of growth-oriented politics, I would request you to co-operate with us to ensure a strong growth of the economy. It will, in turn, help us to meet all your reasonable demands,” Jaitley said at a felicitation function organised by Bharatiya Mazdoor Sangh (BMS), an RSS-affiliate.
The finance minister said in the changed scenario, all live with some expectations and hope and thus, even the poorest of the poor hopes that the economy grows at a faster rate. The benefits of development should not confine to a few only.
The benefit of development, he said, should go first to the poorest of the poor. This is why, minimum wages of labour should be at a respectable level to take care of inflation; but this could be ensured only when the government and private sector have sufficient resources to do so.
“In the coming year, there would be burden of Rs 1.02 lakh crore of Seventh Pay Commission, OROP (One Rank One Pension) burden is also there. That burden can be sustained only when there is increase in economic activity.
Because of increased economic activity, government revenue and resources will go up,” he said.