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Talking about Indian government’s commitment to work towards economic growth, Economic Affairs Secretary Shaktikanta Das said the projected 7.6 per cent growth for the current fiscal is "very, very significant".
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Das said the Prime Minister Narendra Modi-led Indian government is committed to maintaining growth and also improving it.
"Growth is important because growth leads to job creation, growth leads to more opportunities, more economic activities which lead to more development," he said.
India grew at 7.2 per cent last fiscal.
The Central Statistical Office (CSO) in its advance estimate of its national income for 2015-16 projected a growth rate of 7.6 per cent, the highest in the last 5 years.
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"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. We live in a global village. Therefore, whatever happens in any part of the world affects us because India over the last several years is getting increasingly globalised," said Das in the finance ministry's YouTube channel.
