Specify certain general measures that can be adopted by government to control inflation in India?
General measures to control inflation are as follows
(i) Increase in Supply of Goods and Services When the supply of goods and services is increased, the price will fall.
(ii) Population Planning Control on population by adopting different measures of family planning will reduce the demand and finally prices will be controlled.
(iii) Price Control Policy The government should adopt strict price control policy against the profiteers and hoarders.
(iv) Economic Planning Effective economic planning is necessary to control the inflation in the country.
(v) Control Money Supply To control inflation, it is essential that supply of money is not
allowed to expand.