Finance Minister Pranab Mukherjee on Saturday allayed fears of panic in the wake of the downgrading of the U.S. rating and asserted that India would post the same growth rate in current fiscal as in the previous year and grow as an investment destination regardless of the negative global sentiment.
In the course of his speech at a CII function and during his brief interaction with journalists, Mr. Mukherjee said the downgraded sovereign rating of the U.S. would have its adverse impact on the globe, including India, but there was no need to press the panic button. read more.