The government today said providing relief to 'aam admi' from higher food prices will remain its top priority and expressed confidence the economy would grow by 7.5% in 2009-10 and at an even higher pace of 8 per cent in the coming fiscal.
"My government continues to accord the highest importance to ensuring relief to the aam admi on food prices..." President Pratibha Patil said in her address to the joint session of Parliament.
Attributing rising food prices to shortfall in domestic production and high prices of rice, cereals and edible oils in the international market, President said, "My government is committed to bringing forth a legislation to ensure food security."
The country's food inflation touched a decade's high of about 20 per cent in December before moderating to around 18% in February.
As regards the economy, the growth in the current fiscal was likely to be 7.5% against 6.7% a year ago she said on the opening day of the Budget session.
Source BoolmbergUTV
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