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Why can't the Indian government print as many currency notes it wishes and clear the fiscal deficit? For that matter why can't any country in the world do the same?
I was wondering why the Indian government can't just print as many currency notes as it wishes to clear the fiscal deficit? Can any country in the world do the same?
Printing more currency notes can lead to inflation and decrease the value of the currency. Additionally, there are limits on how much money a government can print due to international agreements and regulations.