Finance Minister Pranab Mukherjee says India’s economy is robust and its growth story, intact. Mr. Mukherjee reviewed the global economic situation with RBI Governor Dr. Subba Rao and the Chairman of the Prime Minister’s Economic Advisory Council, Dr.C. Rangarajan in New Delhi.

He said, the fundamentals of the economy are strong and look more attractive in a world confronting problems. He, however, admitted that the effect of the market sentiments in the US and Europe has a bearing on our markets as well in the short-term.

The discussions among the top three, focused on the slow economic growth in the United States and debt worries in the Euro zone. Europe’s debt problem and worries about the world economy had resulted in sharp fall in the US and European markets.

Mr. Mukherjee hoped the present challenge would give India greater opportunities for growth in the long run. He expressed confidence that India will emerge stronger from the present situation.

He said, as the advanced economies grapple with their problems, India is in a better position than most other nations to meet its problems