#WATCH# | Delhi: TV Narendran, CEO and Managing Director of Tata Steel Limited, says, "The conflict in West Asia disrupted shipping through the Strait of Hormuz, one of the world's most important energy routes. Traffic through the Strait remains well below normal levels even now. For a country like India, these things have very direct consequences: energy costs go up, shipping costs change, insurance premiums change, supply chains get disrupted, and eventually, all of that finds its way into the cost of doing business. Yet, despite all this, the Indian economy grew at 7.8% in the April-to-June quarter. Investment grew by 11.9%, while manufacturing and services remained important contributors to growth. This tells us about the underlying strength of the Indian economy. We have a very ambitious trajectory ahead of us. We want to become one of the world's largest economies. We want to create productive employment for a very large young population. We want Indian companies to become much more significant participants in global value chains..."