India has asserted that it has the mechanism to deal with issues of corruption and is robust enough to brave the impact of the global financial crisis on the domestic economy.

Speaking to reporters on the sidelines of the World Economic Forum annual meeting in Davos, Commerce and Industry Minister Anand Sharma said, India is a rule-governed Republic and it has all the mechanism in place to tackle any kind of problems.

He said, at a time when the developed countries are facing problems and eurozone crisis has become the main focus of participants at the World Economic Forum's showcase event, India is all set to clock a growth of about 7-7.5 per cent in fiscal 2011-12.

Admitting that global events will have an impact on India also, Mr. Sharma said the country had successfully moved out of the 2008 global crisis and would do so again.