have to rev up quickly so that we get back to the high growth path," he said.
Chidambaram ruled out any fiscal measures between now and the next Budget saying anything on the tax side would come up only in the Budget.
"Anything on the fiscal side, we will come up with it only in the Budget. So, I don't plan any fiscal measure. There is no major fiscal legislative measure that is on the anvil," he said.
Elaborating on the growth prospects, Chidambaram said: "All I can say is this year we will probably hover around 5.5-5.6 per cent or may be 6 per cent if things pick up in third and fourth quarters. This year is practically set and no major dramatic changes can be expected this year."
The Minister, however, sounded positive about the next financial year and hoped that growth will pick on the back of steps being taken by the government.
"Next year, I am absolutely confident that growth will pick up because investment will start taking place and measures we are implementing will take place," he added.