New Delhi, Feb 6 (PTI) Finance Secretary Tuhin Kanta Pandey on Thursday asked businesses to take risks, build new factories, and create jobs.

The Budget measures will help give push to economic growth amidst the global headwinds, he said, adding that India will not only remain the fastest growing economy in the world but also make the pace faster.

Also Read | What Is Smartphone Vision Syndrome? Know All About Causes, Symptoms, Treatment and How To Protect Eyes.

"You must take risks. You are entrepreneurs because you are taking risks and you cannot be risk-averse. You have to build factories, you have to create jobs. So we need your animal spirit to rise," Pandey said at an event at the PHD Chamber here.

He said when entrepreneurs make fresh investments, take risks and build institutions, it creates employment and take forward the cycle of growth.

Also Read | New Income Tax Bill 2025 Date: When Will New IT Bill Be Introduced in Parliament? What Are the Expectations?.

"When you create jobs, that creates incomes and that income creates consumption and saving. That creates further investments and the beneficial cycle grows and from 6 per cent we could climb to 8 per cent but we have to work hard for it," Pandey said.

The comments assume significance as the finance ministry's Economic Survey projected growth at 6.3-6.8 per cent for FY26, against 6.4 per cent in current fiscal year.

The survey also said the GDP has to grow at 8 per cent for next two decades for India to become a "Viksit Bharat".

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)