Union Home and Cooperation Minister Amit Shah said on Tuesday that population is an asset to the economy as it also linked to the scale of a market.
Mr. Shah claimed that around 60 crore people were brought out of penury by the Narendra Modi government in the past seven years through various schemes, including free ration, and now they aspire to make a decent living.
“Those who know economics believe that population can also be a strength, and people like me believe that population is an asset as it also a market and represents the scale of market. India’s population was 130 crore till 2014 but market was limited to only 70 crore people as the remaining 60 crore did not have purchasing power,” Mr. Shah said at a Cooperation Ministry event.
