One year of Modi government: Is inflation under control?

Inflation has certainly declined from its record highs a couple of years ago. A fortuitous fall in commodity and crude prices, RBI’s tight monetary policy, and from the government side commitment to fi scal discipline, prompt intervention in food market, and lower support prices for crops have all come together. Is it under control? The supply side constraints that cause prices to spike remain largely unaddressed and are a risk. ET explains: