If prices go up, the hundreds of millions of Indians living near the poverty line will be at risk of being physically and mentally stunted due to malnutrition.

If prices go up, the hundreds of millions of Indians living near the poverty line will be at risk of being physically and mentally stunted due to malnutrition. It's harder to directly quantify the impact of that, but it will reduce economic productivity over the next 60-80 years due to permanent effects on children. Seems like India made the right call, in my opinion.