India haven of stability need efforts to sustain growth

Saying India as a haven of stability amid a weak economic environment globally, the finance minister (Arun Jaitley) said efforts will have to be made to sustain growth. Prevailing economic scenario across the world is challenging to say the least. This year’s Budget was proposed and presented at a time of unusual volatility in the international economic environment, markets are fearful, the global recovery may be faltering. Jaitley said against this background, india stands out as a haven of stability and opportunity at the Civil Accounts Day 2016.  He said that india's macro economics factors are stable and the government is committed to fiscal consolidation as well as low inflation. He added in world india’s economic growth is among the highest and the achievements are remarkable because they have been accomplished in the face of weak exports demand and a second successive year of poor rainfall.