Pranab: India's growth story intact, don't panic

May 16, 2012 14:44

Finance minister Pranab Mukherjee speaks on the economy in the Rajya Sabha. He says the oil price rise is not a worry and admitted that the demand for oil is subdued, but the price of oil is rising.

He says there is no need to panic on the state of economy as India's growth story is intact.

Markets plunged today across Asia due to global crisis, with the Sensex falling below 16,000.

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