date:Aug 08, 2014
ick action to tackle India's recurring food price shocks. But, despite his strong economic record of running Gujarat, he has resorted to an old inflation playbook that contributed to the last government's crashing defeat.
Just like his predecessor, Modi has imposed export curbs and cracked down on hoarding. While these steps can give brief relief, they cannot fix a dilapidated system controlled by middlemen.
So far, the cash-strapped government has committed to invest less than one-tenth of th