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India to record 6 pc growth despite Kargil, says Bakht

The border tensions at Kargil notwithstanding, India will register a six per cent industrial growth during the current fiscal, Union Industry Minister Sikander Bakht said today.

The Kargil tension will also not result in a major strain on the country's reserves, Bakht said on the sidelines of a conference on Indian patent law.

''India is a big nation. All these tensions keep coming and we will be able to tide over these problems. We will meet whatever expenditure is incurred on Kargil. It is Pakistan which has to worry about the expenditures, not us,'' he added.

He further expressed optimism that the country's fiscal deficit would also not come under any strain. However, he refused to divulge any figures for the same.

''We are improving both in terms of industrial growth and inflation and this growth phase will continue.''

The government, Bakht said, is committed to disinvestment and whatever efficient machinery is required to accelerate this process, would be put in place.

Regarding the issue of Disinvestment Commission chairman G V Ramakrishna threatening to resign, the minister said, ''He will not quit as the ministry can consider restoring the authorities that were taken away from him.''

UNI

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