High Growth Behind Price Pressures: FM

<?xml version="1.0" encoding="UTF-8"?><root available-locales="en_US," default-locale="en_US"><static-content language-id="en_US"><![CDATA[<p>India's high economic growth is leading to inflationary pressures, Finance Minister Pranab Mukherjee said in parliament on Wednesday.<br><br>Asia's third largest economy is seen expanding 8.5 per cent in the year to end-March 2011. Wholesale price inflation in June stood at 10.55 percent and Chief Statistician of India T.C.A. Anant said last month that July headline inflation could be around 11 percent.<br><br>India's central bank raised interest rates more forcefully than expected last week, signalling its urgency to stamp on inflation.<br><br>Mukherjee was replying to a parliamentary debate on price rise, a political hot potato that has given the opposition a handy tool to attack the government with and block proceedings in the house since its opening last week.<br><br>(Reuters)</p>