The government, going in for huge borrowing plans, said that there would be no deficiency of funds to the private sector to meet its requirement.

The Center and the Reserve Bank of India (RBI), according to Finance Minister Pranab Mukherjee, will try to maintain a balance between heavy borrowing and funds to private sector.

The FM, addressing the Parliament members, said: "The borrowing program will be adjusted in such a manner that private sectors are not elbowed out from the market." The government, without caring for the widening fiscal deficit, intends borrowing 4.51 trillion rupees from the open market for the current year. It is planning to borrow two- thirds of the total amount between April and September, to give momentum to the economy.

Mr. Mukherjee said: "The economy has started moving slightly, but still I am not quite sure because other problems may come from adverse impact of scanty rainfall."

He expressed satisfaction over continuous revival of manufacturing activities. The FM said that agriculture ministry is making the assessment of loss suffered on accounts of scanty rainfall in the country, and would take required steps to mitigate its impact.