-Newsclick.in
The Modi government seems to have lost all control over the economy – or perhaps, was never in control.
The Narendra Modi-led Bharatiya Janata Party government has been proclaiming ad nauseum that it has kept prices of essential items under control throughout its rule since 2014. That the prices of some commodities, especially food items, did not rise constantly is a fact, although for many other commodities, like fuel, prices did rise. But all that has changed in recent months.
The Modi government seems to have lost all control over the economy – or perhaps, was never in control.
The Narendra Modi-led Bharatiya Janata Party government has been proclaiming ad nauseum that it has kept prices of essential items under control throughout its rule since 2014. That the prices of some commodities, especially food items, did not rise constantly is a fact, although for many other commodities, like fuel, prices did rise. But all that has changed in recent months.
Although wholesale prices continue to remain stagnant, the prices that consumers actually pay in their local shops have been zooming up inexorably. This is clearly visible in the price data collected by the Ministry of Statistics and Programme Implementation (MOSPI) from 1,114 markets in 310 selected towns and 1,181 selected villages.
Please click here to read more.