In India, Modi-led BJP government’s decision to slash cooking gas prices by Rs 200 a cylinder is a huge sop ahead of assembly elections in five states later this year and the Lok Sabha polls in the spring-summer of 2024.
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Read the full story here: https://gulfnews.com/opinion/op-eds/india-modis-lpg-price-cut-targets-women-and-polls-1.97836991
See more videos at https://gulfnews.com/videos
Read more Gulf News stories here: https://bit.ly/2HLJ2km
Subscribe to Gulf News on YouTube and watch more of our videos: https://www.youtube.com/user/GulfNewsTV
#UAEnews #India #Modi
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NewsTranscript
00:00Ahead of assembly elections in five states that are due later this year and the Lok Sabha
00:08polls next year, the Centre made a significant announcement.
00:11It announced that cooking gas prices were being cut by Rs 200 per cylinder.
00:16This is important because inflation is currently a big problem in India.
00:20Retail inflation is at a 15-month high and this is largely being driven by retail food
00:26inflation which is at a high not seen since January of 2020.
00:30So that means for the last few months people are having to deal with much more expensive
00:35vegetables, tomatoes, ginger, garlic, you name it, everything is much more expensive.
00:41And the government is rattled by this, acutely aware that rising prices are something that
00:46could impact it electorally.
00:48This decision to cut cooking gas prices is also aimed at another important vote bank
00:53of the Modi government or in fact any political party today and that is women.
00:57It is understood that BJP leaders across states have been giving feedback to the party leadership
01:03that women voters in particular have been badly hit with these rising prices and they
01:08are extremely unhappy about it and that the government needed to step in and intervene.
01:12So this may not be the last sop that we hear from the Modi government in the run up to
01:17elections because these inflationary pressures are there.
01:21Moreover, the Congress governments in Rajasthan and Madhya Pradesh, the Congress there have
01:25also announced and made promises of certain schemes that would make LPG cylinders just
01:32450 or 500 rupees per cylinder which is still much less than what is available on the market
01:38today.
01:39So there are going to be competitive politics that will be played over important economic
01:44policies and that really could hold the key to the next general election.
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