Can India become richest by printing more notes?
Can India become richest by printing more notes?
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The world is facing unprecedented crisis due to lockdown and coronavirus. Lockdown is implemented in most parts of the world to prevent corona virus infection. This has greatly affected the livelihood of the people. In most countries around the world, people are asking for direct help from their governments. However, the hands of governments are also tied and it can give relief package to a limit only. In such a situation, the question would come in the mind of many people that any country has its own machine to print notes, so why does it not distribute the large number of notes to the poor, deprived and middle class people? With this, another question will be raised that why poor countries do not become rich by printing more and more notes? In such a situation, we talked to the experts and wanted to know about what effect the economy of the country has on printing more notes of the central bank or government.

For your information, let us tell you that it prints a note equal to two to three percent of GDP. For this reason it is necessary to increase GDP to print more notes and to increase GDP, attention is given to factors like growth of various sectors like manufacturing and services, reducing trade deficit, etc.

If you do not know, then when asked about the well-known economist Brinda Jagirdar, he said, "We can understand this easily through the circumstances arising in Zimbabwe and Venezuela." The governments of these two countries printed large-scale notes to settle debt. However, due to the lack of coordination between economic growth, supply and demand, inflation rose to sky high in these two countries. ' However, the more these countries printed the notes, the higher the inflation increased and both these countries reached the period of 'Hyperinflation'. In the year 2008, inflation in Zimbabwe registered an increase of 231,000,000%.

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