Ruling parties in the past have lost the national vote because they could not control the price of essential items like onions. Read more at straitstimes.com.
NEW DELHI – Prime Minister Narendra Modi may offer handouts to Indian farmers ahead of the elections as food commodity export bans to control inflation begin to hurt incomes and could cost him some votes.last month along with wheat in 2023 and imposed curbs on stockpiling some food staples with an eye to keeping inflation in check.
Agriculture alone accounts for about 20 per cent of the Indian economy – one of the fastest growing in the world.inflation is outpacing incomes in rural areas. But limited state procurement has done little to shield farmers from selling crops at lower or even distressed prices. The jobs guarantee program “should be the most important policy focus in the short-term,” said Mr Kunal Kundu, an economist with Societe Generale SA, as it provides social safety net for the most vulnerable.
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