http://www.indianinflation-uncontrollable.com/ > Excerpts: > Since 1947 India 's price level has gone up 52 times and destroyed over 98% of the value of the rupee left by the British rulers. This has happened due to reckless printing of money. > Prices of individual goods can keep rising or falling due to several factors affecting their demand and supply. But price level as a whole is determined primarily by the quantum of goods and services available in the country and the total amount of money chasing them. Increase in the prices of some goods is bound to lead to fall in the prices of some other goods, unless the quantity of money is increased. Price level as a whole goes up only when more money is injected into the system or its velocity of circulation goes up due to changes in habits and practices. >
