New Delhi, Feb 26 (PTI) Vice President Venkaiah Naidu said today that India is the economic hope of the world and the picture is both fascinating and complex. Also Read - EPFO Keeps Interest Rates On Provident Fund Deposits Unchanged at 8.5% For FY 20-21

He said millions of people are working round the clock to keep the wheels of economy running. Also Read - Atal Bihari Vajpayee’s Birth Anniversary: Famous Poems Penned by Former Prime Minister

“India is the economic hope of the globe and that the picture is both fascinating and complex as our economy is fast expanding,” Naidu said. Also Read - Details of Prime Minister's Flights Cannot be Disclosed as it Relates to His Security Apparatus: IAF

He was speaking at a function to give away Prime Minister s Shram Awards to 338 workers, according to a statement issued by the Labour Ministry.

“This is the real GDP festival. By this I mean, the Growth Driving Power from among whom the Great Dedicated Persons are being honoured today and these two GDPs are critical for the Gross Domestic Product , the GDP that we are all ultimately concerned with,” he said.

On this occasion, Labour and Employment Minister Santosh Kumar Gangwar reiterated that the commitment of the government to protect workers rights and their welfare.

He said the initiatives of Ministry of Labour and Employment directly affect more than 50 per cent of the Indian population whereas indirectly it caters to almost the entire population.

He listed the labour reform initiatives undertaken by his ministry, particularly the Code on Social Security, which proposes to universalise social security cover for all workers.

Minimum Government and Maximum governance was the guiding principle of his ministry in its policy discourse, Gangwar said.

Public Sector workers bagged 232 Awards while 106 Awards were bagged by Private Sector (PRS). Awards were also bagged by group of workmen together. Out of 338 Awardees twenty were Women and two were posthumously awarded.

This is published unedited from the PTI feed.