President Pranab Mukherjee has said if subsidies are not contained below 2 per cent of the GDP, it may pose aserious problem for the economy.The President said this while addressing a felicitation event by CII in New Delhi yesterday, Highlighting that the current account deficit (CAD) of around 4 per cent is a matter of concern, Mr Mukherjee said, the economic growth has been very slow, particularly since the global financial crisis .The President added that even when exports have slowed down, the diversification of export destinations is yielding some positive results.Mr Mukherjee, however, expressed confidence that the country would be able to overcome the present crisis through collective efforts of different segments of the economy.The major subsidies given by the Centre are for food, fertilisers and petroleum products.