Are the steps taken by the govt to tackle inflation enough?
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The Narendra Modi government's honeymoon period may well be cut short if it fails to control inflation. Prices of potatoes and onions have been rising alarmingly. The meteorological prediction of a poor monsoon this year makes the challenge even more formidable. The government has taken some steps. But are they enough?
SOME STEPS THE GOVERNMENT HAS TAKEN TO CONTROL INFLATION
> Imposed export restrictions on some farm commodities
> Ordered a crackdown on hoarders
> Raised minimum export price on onions to $300 per tonne from $150 per tonne to discourage exports
> Allowed direct sale of vegetables and fruit in the market by farmers instead of having to go through Agricultural Produce Market Committees
> Is closely monitoring prices of 22 commodities which affect food inflation
(Graphic by Anand Sinha; Research by Niti Kiran)
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