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Price stability high on agenda - fin min

Posted 07 4 2009 9:00PM

NEW DELHI (Reuters) – India has seen a rise in prices of foodgrains due to higher purchase prices of essential items and price stability is high on the government's agenda, the finance minister said on Friday.

"The government monitors the price situation regularly, with price stability being high on its agenda," Pranab Mukherjee said in a written reply to a question in parliament.

He also said that India's GDP growth moderated to 6.7 percent in FY09 from 9 percent a year go because of subdued demand and global economic crisis.