revive and (we will) move on to high growth track."
Replying to questions on fiscal deficit, the Minister exuded confidence that there was still time and the government would be able to meet the revised target of 5.3 per cent of the Gross Domestic Product (GDP).
"We still have good time of four-and-half months and therefore it is too early to say that we won't reach the target. And it is my intention to reach the target... I don't think we should spread pessimism or cynicism", the Minister said.
He said the disinvestment process will start soon and spectrum auction will continue.
The Empowered Group of Ministers (EGoM), he said, will meet shortly to take decisions on the pending issues.
Concerns are being expressed about the ability of the government to meet the revised fiscal deficit target in view of the lukewarm response to the 2G spectrum auction which fetched only Rs 9,400 crore as against the target of Rs 40,000 crore.
As regards disinvestment, although the government plans to raise Rs 30,000 crore in the current fiscal through this route, none of the public sector undertakings have been able to hit the market so far.