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India would be perfectly valid if it wasn’t experiencing high inflation just like everyone else. Which it is.
https://finimize.com/content/rbi-chief-urges-india-to-cut-inflation-despite-strong-growth
You can’t fix inflation just by setting a max price. It leads to shortages or (more common in India’s case) retailers finding loopholes:
Didn’t say it solves inflation. You cant stop a global phenomenon happening. You can ease it.
Here’s India’s inflation chart for the past few years: https://www.equentis.com/blog/wp-content/uploads/2023/10/image-87.png
Here’s the US: https://fred.stlouisfed.org/series/MEDCPIM158SFRBCLE
They aren’t easing anything.
