Finance Minister P Chidambaram has said that the growth rate of the country will return to 7 per cent in two years and promised adequate public spending to stimulate it. He was replying to a debate on the Budget 2013-14 in the Lok Sabha on thursday, Mr Chidambaram said, the government was committed to ensuring reduction of fiscal deficit from 5.2 percent to 3 percent by 2016-17 as the current level is very high and not sustainable.Rejecting the Opposition's charge that the government had not handled the economy well, the Finance Minister said that 5 percent growth is not bad considering the global situation when the whole of Europe is in recession. The economic growth, according to the Central Statistical Organisation, is estimated to slip to a decade low of 5 percent in 2012-13, down from 6.2 percent in the previous fiscal.