7 growth inadequate: Mukherjee

Replying to a debate on inflation,Mukherjee said price rise was linked to international situation but made it clear that the government was not in a position to increase subsidy to address the price situation.

Contending that economic growth has been high during UPA rule,he admitted that GDP of 7 per cent was 8220;not adequate8221; but refused to accept the opposition contention that it was all time low.

8220;There is no link between inflation and growth. We shall have to contain inflation,we shall have to go for higher growth8230;please don8217;t say that nothing has happened,8221; he said.

Mukherjee said the government would endeavour to bring down inflation to 5-6 per cent from 9.73 per cent in October.

NDA and Left parties were not satisfied with his reply and staged a walkout,with Leader of the Opposition Sushma Swaraj saying that arguments offered by Mukherjee were stale,oft-repeated and did not offer any relief to common man.

The economy registered a growth of 7.3 per cent in the first half of the current fiscal. The annual growth is projected to be 7.5 per cent,down from 8.5 per cent recorded in 2010-11.