ranjan

History suggests that countries which have adopted moderate and progressive outlook have made faster progress than those which have taken an authoritarian and insular turn. Price stability is the best contribution that monetary policy can make to economic growth and job creation. Inflation is caused by the failure of aggregate supply to equal the increase in aggregate demand. Therefore, inflation can be controlled by increasing the supplies of goods and services and reducing money incomes in order to control aggregate demand.  Inflation or persistently rising prices is a major problem in India today. Due to inflation, value of money falls and the people need more money to buy goods and services. In order to exercise control on inflation, following two systems, if implemented, shall not only leave more purchasing power in the hands of public by saving money but control inflation for a long time to come. 1. Stop giving subsidies/grants on essential commodities, rather supply few of such