Finance Minister Pranab Mukherjee has said that food inflation has moderated, but it needs to be brought under tolerable and acceptable level. In an interview with a private news channel, Mr Mukherjee said high inflationary pressure is affecting India's growth rate. He pointed out that in the first two quarters; the GDP of country has been 7.3 per cent. However, he did not expect any substantial improvement in remaining quarters and said perhaps the country's GDP would grow by 7 per cent.