He called the two measures taken by the Union government "transformational" and said "no transformation is painless".
Madhav said the party was aware that people had to face difficulties due to the sudden demonetisation of high-value currency in November last year and the implementation of the Goods and Services Tax (GST) in July this year.
But there was a need for such steps to "correct the basic economics" of the country, he stressed.
Addressing a gathering on 'Vision India-New India' organised by the National Democratic Teachers' Front (NDTF) at the Delhi University, Madhav said the Narendra Modi government has support at the grassroots level because people understand that the Union government was "doing good for the country".
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He also urged people to "become a stakeholder" in India's development and participate in government programmes such as the Clean India Mission.
He said Mahatma Gandhi used to say that India has got the political freedom but still needed to get economic and social freedom.
"Goray log to gaye, hamaare gore aa gaye (Englishmen left, our own Englishmen came). I am not talking in racial terms. Please don't mistake me because somebody will show in pieces that I have given a racial statement," he said, claiming that Jawaharlal Nehru, in an interview to a European journalist in 1956, said: "'I am the last British to rule over India.'"
Gandhi had dreamt of a movement in India to get economic and social freedom for people, Madhav said, adding the BJP government at the Centre has resolved to achieve a new India - free of poverty, corruption - by 2022 when India completes 75 years of Independence.
Hitting at those criticising Aadhaar over privacy concerns, he said there was no threat to privacy due to Aadhaar card.
"It is not even one-tenth of the privacy than that you face have on your gmail account," he claimed.
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