The obsession with so called 'Growth'

The word growth is in news with various adjectives being attached to it, since the start of recent recession. What does this 'Growth' mean? For an economics student it is something like "The quantum change in the value of final goods and services produced in a given period of time" good so far as the definition part of it.... what does this mean to an Indian who earns merely for his sustenance?
An operative part of the growth definition says that the value of goods and services is the income of the economy also. But the growth in the income of everyone is not the same. It is an utopian condition to assume that the growth at every level to be same. But the plight of the poor in our country makes the concept of growth itself as just an economic indicator of the 20% of our population. It is not only the relative poverty but the absolute poverty in this country, which needs a special approach. Our think tank has started using the term called "Inclusive growth", but it still needs to be seen how far the growth becomes inclusive.