Finance Minister Pranab Mukherjee has said that the Dubai debt crisis will not have an earth shaking impact on the country's economy. Talking to reporters in Chandigarh today, he said, the full impact of the Dubai debt crisis is yet to be assessed and there is no need to press the panic button. Mr. Mukherjee, however, said that some adverse effect will be there initially on the stock markets, as was felt yesterday. The Finance minister also opined that the crisis will not have much impact on the country's exports to the region. He said, however, the debacle will impact the repatriation of foreign exchange from there and joblessness in the Gulf state. The Minster said the situation after the Dubai debt crisis is manageable and added that the government would keep a watch on the situation.