Low India inflation a double-edged sword for Modi before Elections 2019
Inflation has more than halved under Modi govt, averaging 4.8%, but consumer-price growth averaged over 10% during 2009-2013
A slowdown in the rural economy has taken the shine off this key achievement of the Narendra Modi govt
Mumbai: Subdued inflation in India is proving to be a dilemma for Prime Minister Narendra Modi weeks before Lok Sabha Elections 2019. While most politicians heading into elections would want to cheer their efforts in taming the inflation dragon—especially in emerging economies like India, where price surges can oust governments—Modi has been restrained about this achievement.