Current account deficit to be around $60 billion: Chidambaram

On the other hand, the finance minister said challenges like high inflation levels and reviving the investment sentiment in a sluggish economy still remain.

“Inflation is still a challenge and reviving investment,” Chidambaram said, adding that he sees green shoots emerging in the investment scenario.

“We are confident that the steps taken by RBI will bring about a moderation in inflation."