Finance Minister Pranab Mukherjee today said the country needs to be ever ready to respond to external shocks on real time basis. Addressing CII's Annual General Meeting and National Conference in New Delhi, Mr. Mukherjee said like in the past three financial years, India could confront any situation successfully in the future. He said global recovery, amid the ongoing sovereign debt crisis in some European nations, has been weak and uncertain.The minister said, global financial crisis, which surfaced in September 2008, had also impacted India's economic growth. Mr. Mukherjee informed that with the help of three stimulus packages, India managed to record 8.4 per cent economic growth in 2009-10 and 2010-11 and clocked an estimated 6.9 per cent GDP expansion last fiscal. Attributing the slowdown to poor performance by the industrial and agriculture sectors, he, however, said given the overall fundamentals, the estimated growth of GDP of 6.9 per cent in 2011-12 appears to disappointing.