Just a week ahead of the presentation of Budget 2016-17, Economic Affairs Secretary Shaktikanta Das, terming the projected 7.6 percent growth for the current fiscal as “very, very significant” has expressed the government's commitment to work towards boosting economic growth. He said that there is uncertainty, volatility all around. I think amid when we are in a sea that is in turbulence, India is afloat'. 'We were used to 8-9% growth, but given the problem the world is encountering; I think 7.6% growth is very, very significant”.
He said that not only remaining afloat, this year as CSO has already given out we are expecting a growth of 7.6 per cent which can be considered as very good, given the circumstances. Das further said that the world economy today is experiencing the kind of the volatility which we never saw earlier. There was time when we used to say what is going to happen next week in Europe or in some part of the world we do not know. But today, we have come to a position we do not know what is going to happen the very next day in which part of the world. He added that whatever happens in any part of the world affects us because India over the last several years is getting increasingly globalised.
The Economic Affairs Secretary said that the government is committed to not just maintaining growth, but improving it. He added that growth is important because growth leads to job creation, growth leads to more opportunities, more economic activities which lead to more development.
