Government has exuded confidence that the economy will get gradually get back to high growth path in the next three years. Finance Minister P Chidambaram said this while delivering the valedictory address at Petrotech 2014 in Greater Noida.

Referring to the Current Account Deficit, the difference between inflow and outflow of foreign exchange, Chidambaram said it would be contained at 50 billion US dollars in the current fiscal. India's economic growth slipped to decade low of 5 per cent in 2012-13 and in the current fiscal it estimated to be around the same level. It grew by over nine per cent before it was hit by the global crisis of 2008.