‘Experts predict budget deficit of Rs 10 lakh crore’: Nitin Gadkari

Union Minister for Road Transport & Highways, Minister of Shipping and the Minister of Micro, Small and Medium Enterprises, Nitin Gadkari has said that there is an urgent need to pump up liquidity in the economy. Addressing the Bhartiya Udyog Vyapar Mandal on 39th Rashtriya Vyapari Diwas via video conference, Gadkari said that experts have predicted that the Centre and state govts may face a budget deficit of Rs 10 lakh crore. He stressed that there is a need to develop 115 aspirant districts which are socially and economically backward. The minister said that investors across the world realise that India can provide the best returns to them and added that when foreign investments come in, it will also help improve the job situation in the country. He added that the situation can only get better when people's purchasing power increases. 'Like if a farmer does not have money then how will he buy a motorcycle, how will he use petrol or spend on hotel or a restaurant, or buy new clothes. So capital should reach the poor people,' said Gadkari. Watch the full video for all the details.