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Rising inflation in India puts pressure on Modi government The prices of necessities such as milk and cooking gas in India are rising, putting pressure on consumers who are already fighting the economic shocks of the pandemic and giving rise to the Narendra Modi government. Here comes a new challenge. India’s retail inflation rate in June and May was 6.3%, as rising food and fuel costs pushed the consumer price index above the central bank’s 6% target for the first time this year. The wholesale inflation rate in May hit a record high of nearly 13%. Economists worry that India may fall into an out-of-control price increase cycle for many years Hindered its development and placed a political burden on the country’s leaders.

Narendra modiMohammad huseiniBittu guptaPriyanka kishoreSagarika mukherjeeOxford economicsReserve bankநரேந்திர மோடிபிரியாங்க கிஷோர்ஆக்ஸ்ஃபர்ட் பொருளாதாரம்இருப்பு வங்கி