Vishakapatanam, Jan. 10 (ANI): Finance Minister Arun Jaitley on Sunday said the Central Government would continue with the reforms with single-minded focus to increase investment and growth.
The government could not afford a change in direction, and in these circumstances every state has to contribute, the minister said while addressing the CII Partnership Summit here.
Talking about the need to expedite reforms at all levels to push growth, the minister said the world was going through an extremely difficult and challenging time and difficulties have spilled over into the national system too.
The World Bank has lowered the global growth forecast to 2.9 percent, he said, adding growth rates of economies across the world are hovering around extremely low figures.
He, however, took comfort from the fact that even under the trying circumstances India continues to remain the fastest growing economy in the world. He added that India’s 7-7.5 per cent growth rate stands out amongst the larger economies as bright spot among global economy. (ANI)