"Our GDP growth of 7.5 per cent is at a time when the world is experiencing global slowdown. We need to increase our growth rate. We have to at least increase it by 1-1.5 per cent," he said at the felicitation function organised by Bharatiya Mazdoor Sangh (BMS).
The government is ready to have dialogue with the trade unions with regard to wage increase, he said.
"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.
He added that the government is of the opinion that if there is development in the society then the benefit of this should go first to labourers and the poor.
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