NEW DELHI, Nov. 16— Prime Minister Indira Gandhi was reported to have told members of her ruling Congress party today that India would not object to the visit of any observer team either from the United States or the United Nations, provided it investigated the “depth of the problem” created by the East Pakistani crisis.

A party official quoted Mrs. Gandhi as having said: “We do not completely object to it. It should be done in a free and fair fashion. They should go into the depth of the problem. The aim of the observer team should not be just to deal with the problem of guerrilla activity or how to prevent it, but they should examine all other basic issues, like the genesis of the genocide. If they come for the study of all these issues we have no objection.”

Mrs. Gandhi was also reported to have said, at a meeting of her party's executive committee, that she hoped the East Pakistani crisis would be solved “in a month or two, or even sooner.” But later a clarification issued on her behalf denied she had said so.

Mrs. Gandhi said in the statement: “There is obviously some misunderstanding. What I said was that among various problems that confront us, some might take months and others might take longer to solve but none of these should deflect us from our long‐term objectives.”

Meanwhile, exchange of fire and shelling continued on both the eastern and western borders between Indian and Pakistani troops, Indian officials said.

An Indian news agency reported that Pakistani troops last night shelled Agartala, capital of the Indian border territory of Tripura in eastern India, killing one civilian and injuring six.

The British High Commission, or embassy, confirmed that a British cargo ship, City of St. Albans, was damaged last Friday in a shelling by Bengali insurgents near Chalna, a major port in East Pakistan.

The Indian Government announced that it was taking steps to check inflation and hoarding caused by the influx of refugees and the tension on the border. Finance Minister Y. B. Chavan, said in Parliament that he planned to take action to control prices, which have gone up by 20 per cent during the last seven months. He said hoarders of grains and other commodities would be severely punished and that the banks would deny speculators credit.