Can the Government of India control the prices?

Question

It is high time that the Government of India takes the 100% control of all the prices of all things in India. Otherwise, no solutions for the Indian poor & middle income group of people in India.

Answer 1

not only by the Government but by avoiding black market purchase / sales

Answer 2

It is only the govt which is responsible for the price rise.By allowing private playersinto the retail market the govt indirectly increased the velocity of money circulation in the market.It is too late to control the situation Regular use of credit cards demand drafts banker's cheques by the public can help the situation to some extent.Ther should be a thorough check on the artificial shortage of commodities, The govt also should ensure there are no missinglinks in the supplychainof essential commodities.Bogus ration cards are to be detected and taken out of circulaton.Public distribution system is to be streamlined properly.The Rythu Bazars introduced by Chandra Babu Naidu -A.P.Chief Minister are working well .Both the farmers and the consumers are getting benefit from this concept.Maintaining or holding the price line in a country like ours is a very difficult exercise.There shold be a harmonious development of agriculture and industry in the country to ensure a reasonable in the price structure.

Answer 3

Price controls never work. I remember how difficult it was to purchase anything in the old USSR back in the 70's when they had too many Ruples chasing too few goods. When the price it too low, then too few goods come to the controlled market... they find their way to the black market where they are sold at a price the market will bear. I suspect price controls will always generate criminal enterprises.
I suggest India implement a progressive tax system to build infrastructure & assist those beneath the poverty line with better education & medical care. The rich live way too well there & are almost kings.

Answer 4

There are two systems to run an economy. First is Socialism and second is Capitalism. the concept of price control is applicable under the socialist system. and we know what happened to most of the socialist economies. the solution lies not in control but with better management of economy. better economic policy and their implementation. but for some essential commodities you may say some kind of price control is required but not for everything, let the market forces determine the price. for the last 50 years we had the price control system but can you say condition of poor was better at that time.

Answer 5

Look at the past when these measures were tried. When gvmt places limits on prices, the price sky rockets.

Gvmt cannot limit prices. When they do, production decreases and prices increase. But since prices can't rise, production again declines. New products come out that are similar and have a very high price.

If you want lower prices, lessen gvmt control and implement more Capitalism.

Answer 6

how it is possible.
world is coming closer
now praises are fixed by the world market conditions
if the local market erred in this matter, GOVT. resorted
bulk importing,giving subsidy and use public distribution
shops.
but the black market is a real danger.
educated people must come forward, and give correct
information to Govt department to take action against.
but the wealthy people evade the govt. by raising false
caste, communal conflict.
the root cause of all problem is the caste.
if younger generation decide mass inter caste marriage
India will become stronger and control price situations

Answer 7

value controls are no longer something new and that they fail each time they're tried. the government ought to tension foodstuff manufacturers to sell their products for set fees. this might create much extra shortages and bring about extra ravenous human beings. that's the regulation of unintended outcomes and it bites governments interior the a** each time yet they do no longer desire to income from it. Nixon tried value controls interior the 70's right here and whilst they have been finally repealed, fees stabilized and supply larger--it happens each time.

Answer 8

Yes. You are right.

Answer 9

*Yup !!