India's private consumption expenditure is at a several-year low, hurt by rising unemployment and lower disposable income. Rising food prices only impacted households adversely. In its third term, the Modi-led government has one more chance to set things right
India’s climactic general elections drew to a close after a thrilling battle on June 4. The Bharatiya Janata Party (BJP), led by Prime Minister Narendra Modi, failed to get a majority, but after swift negotiations with its coalition partners, it returned to power for a third term through its NDA (National Democratic Alliance).