India moving towards formal economy with systematic reforms: Venkaiah Naidu

Vice President M Venkaiah Naidu has said that India considers whole world as a large family and it believes in ‘Share and Care’ philosophy.

Addressing Indian Diaspora in Floriana of Malta last night, the Vice President said that India has never attacked any country and it wants to live in harmony with all.

Vice President told Indian Diaspora that their role in developing ties with other countries is crucial, hence, they have to spread the message of Indian art,culture, ethos and tradition.

Mr Naidu said that Indian people can excel in all spheres and they have integrated well with societies across the globe. He said Indians abroad are making the country proud with their work.

Mr Naidu said that in India systematic government reforms are making an inclusive



society. He said that financial inclusion, GST and Jan Dhan Yojna have been revolutionary reforms and India is moving towards a formal economy.

Vice President reached Malta last night on the second leg of his three nation tour to Serbia, Malta and Romania.

Mr Naidu will hold delegation level talks with the President of Malta, Ms. Marie-Louise Coleiro Preca and will witness signing of MOUs on mutual cooperation.

He will meet the speaker of the House of Representatives of Malta, Dr. Anglu Farrugia. He will also hold delegation level talks with the acting Prime Minister of Malta,Mr. Evarist Bartolo. Later in the evening, Vice President is scheduled to attend India- Malta Business Forum Meeting in which President of Malta will also participate.