Hyderabad: Union Minister M Venkaiah Naidu today said important bills like GST Bill and Real Estate Bill need to be passed for economic development, even as he noted that 30 per cent of Indians live below the poverty line.
"We have 30 per cent of Indians living below poverty line. The government has recorded 7.3 per cent GDP growth. If the same pace of growth is continued for two to three years, there is a possibility of India overtaking China's growth rate," he said.
"Initially, the government faced a lot of problems like fiscal deficit, revenue deficit, trade deficit, current account deficit and a trust deficit. We must pass GST Bill, Real Estate Bill and Negotiable Instruments Bill. Mudra scheme has to be strengthened further," he said.
"It is the small enterprise sector which our PM wants to target through the Pradhan Mantri Mudra Yojana in order to help budding entrepreneurs," he said.
"We have 30 per cent of Indians living below poverty line. The government has recorded 7.3 per cent GDP growth. If the same pace of growth is continued for two to three years, there is a possibility of India overtaking China's growth rate," he said.
"Initially, the government faced a lot of problems like fiscal deficit, revenue deficit, trade deficit, current account deficit and a trust deficit. We must pass GST Bill, Real Estate Bill and Negotiable Instruments Bill. Mudra scheme has to be strengthened further," he said.
"It is the small enterprise sector which our PM wants to target through the Pradhan Mantri Mudra Yojana in order to help budding entrepreneurs," he said.
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