India's macroeconomic fundamentals are strong to deal with global challenges and the central government is committed to sticking to the fiscal deficit target of 6.4% of the GDP for the current fiscal, official sources said on Monday.
The government is taking steps to deal with the spiralling crude oil prices in the international market, the sources said.
India meets close to 85% of its oil demand through imports and a weaker rupee makes imports costlier.