Finance Minister P Chidambaram has assured global investors that India is prepared to face the impact of US Fed tapering. He also said that the country is poised to clock 5 per cent growth in the current fiscal and over 6 per cent a year after. Addressing the World Economic Forum meeting in Davos yesterday, he said, the Indian economy has stabilised and is poised to return to the high growth path and step by step will go back to 8 per cent growth rate. Talking about the impact of calibrated tapering of bond purchases by the US Federal Reserve, Mr.Chidambaram said India has done a lot of preparatory work. The Federal Reserve has announced trimming of its 85 billion dollar monthly stimulus after US economic indicators improved.