Naik made the comments when asked by reporters about the cash crunch being faced by people in the aftermath of the government's move to demonetise 500 and 1,000 rupee notes.
Drawing the bizarre analogy, Naik said that just as a pregnant woman suffers labour pains which have a joyful outcome, demonetisation would similarly have a good result as it would control economic corruption.
"It is bold and courageous step that Prime Minister Narendra Modi has taken to eliminate black money," Naik told reporters today.
"It would prevent circulation of fake currency coming from foreign countries who were trying to jeopardise our economy", he replied to a question.