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India’s consumers bear the brunt of New Delhi’s inflation paradox
India’s consumers bear the brunt of New Delhi’s inflation paradox
Economists fear rising prices will complicate India’s recovery from a virus-induced contraction
World Economy News
20 Jan 2021
• 4 min read
Along a lane in a Mumbai neighbourhood lined with chai stalls and vegetable carts, visitors usually have to dodge commuters, motorcycles and even animals to shop. But now, like so many streets in India, it is unsettlingly quiet.
Vijay Kotian, a 35-year-old selling vegetables, fruit and pulses from his roadside perch, faced a paradox. There were fewer buyers for his fare, but prices were higher.