New Delhi: The terror attack in Mumbai will not impact India's growth story which was "very much intact", Finance Minister P Chidambaram asserted on Wednesday.
"These cowardly and dastardly acts will not break our will and resolve to move forward," Chidambaram told reporters.
A solitary attack cannot be a setback to economic activity all over India or even in Mumbai, Chidambaram said.
"India is a very large country and economic activity takes place across the country."
Chidambaram said the country's economic growth story is intact with industrial and manufacturing growth remaining buoyant.
Official data on industrial production released on Wednesday showed that the strong performance in the manufacturing sector pushed the overall Index of Industrial Production marginally up to 9.8 per cent during April-May of the current fiscal as compared to 9.5 per cent in the corresponding period of 2005-06.
Manufacturing shot up by 10.9 per cent in April-May this fiscal from 10.3 per cent last fiscal.
Chidambaram said investors continued to repose confidence in the Indian economy.
Attractive quarterly results announced by IT major Infosys Technologies rescued the stock markets from a major plunge after the serial blasts and placed the BSE benchmark, Sensex, considerably higher by 315.74 points to close at 10,930.09 points on Wednesday.
Chidambaram further said the blasts would not put any pressure on the rupee.
The Indian currency moved up against the dollar on Wednesday to stand at Rs 46.09 per dollar.
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