The Finance Minister today expressed confidence that Current Account Deficit will be contained at or below 70 billion Dollar this year and will be safely financed. Replying to a discussion on the economic situation in the country in the Lok Sabha, P Chidambaram said, fiscal deficit will also be contained at 4.8 per cent in the current fiscal.

Mr Chidambaram said the Government is doing everything to boost investment in India. The Finance Minister pitched for more reforms, less restrictions to lift the economy from the current crisis. He appealed to members to suggest measures to revive the economic growth.

Earlier, initiating the discussion, Gurudas Dasgupta of the CPI said, the country is passing through economic crisis. Blaming the government for the current crisis, he said,over-dependence on foreign investment, unguarded liberalisation and over-dependence on external commercial borrowings are responsible for the current
situation.