New Delhi, Aug 25 - India will give top priority to mitigating the impact of the poor monsoon in large parts of the country this year, Finance Minister Pranab Mukherjee said Tuesday while assuring the economy will manage to grow by over 6 percent this fiscal.

'At this juncture, delayed monsoons have impacted many parts of the country's agrarian economy,' Mukherjee told a meeting with top industrialists here, organised by ET Now television channel.

'Mitigating the impact of deficient monsoon is a high priority.'

The finance minister has already said that thanks to the record output of food grain last agriculture year (July 2008-June 2009), estimated at 233.87 million tonnes, the country was approaching this year's drought with adequate buffer stocks.

Accordingly, as opposed to the normal buffer stock norm of 4 million tonnes of wheat and 5.2 million tonnes of rice, the country had additional reserves of some 3 million tonnes of wheat and 2 million tonnes of rice.

Referring to the overall economy, Mukherjee said India's gross domestic product (GDP) grew by 6.7 percent last fiscal despite the global crisis and will manage to expand by over 6 percent this fiscal despite a difficult situation.