Why not print more money?

 Everyone works to get money, to be wealthy. If we have more money we could buy more goods and services. The country has been facing much National debt. Poverty has been a major problem since Independence. So, a general question with all have is Why not print more money? Why doesn't the government print money and distributed among citizens and become a well the nation? India targets to reach $5 trillion economy by 2025, Why wait so long? Why not print the money and reach the goal?

  It sounds so simple but is not that simple. Rather is much more complex. If it would have been that simple then no one would have been poor and no country would face indebtedness. If it was so no one would work to earn livelihood and no government would have had the reforms to improve economy. Poverty would have been found in pockets only, but it is not the way it goes, it is much beyond that.
  First thing is what is wealth? Is it money? No, money is not the wealth. We often confused money with wealth. Money is just a medium of exchange. It has the value only because it is believed to have, else it is just piece of paper. Much before money was invented the nomadic men exchanged goods for goods, this was the Barter system. If one of the nomads had  something that was needed by the other while the other has something he needed they exchanged it. But the Barter system has some limitations like for exchange both the parties should have the good that was needed by the other. The price of different things differ in every exchange. This led to the invention of money. Thus it can be concluded that money is only a medium of exchange and not wealth itself.
  What does the wealth lie in? The wealth lies in goods and services that are produced. Real wealth consists in what is produced and consumed the food we eat, the clothes we wear, the houses we live in. Roads and vehicles, buildings and gadgets are all included in wealth.
  If the money, which is just medium of exchange is increased enormously and there is no change in the amount of goods and services produced then everyone would have more money and thus the demand for goods and services with increased and ultimately the prices of goods would rise rapidly. Such a situation is Inflation. Let's imagine as if only two people were living in a country both of whom had 100 rupees each the only available goods were 1 Kg rice which cost 100 rupees, but the government took a decision to print more money and distributed. Now both of them were having more money than before but the rice was only 1 kg. Both of them wanted to buy it so offered to buy it at higher prices than the other. Ultimately the same amount of rice was sold at higher price just because of higher printing of money. Thus reckless printing of money without an increase in the goods and services leads to an increase in the demand and the price of the goods and services. In other words printing of money lowers the value of the currency. There is a reduction in the purchasing power per unit money. It results in the goods and services to be divided into more fractions of money. Hence the same thing cost higher than before during inflation. History records few incidents when inflation and further hyperinflation caused a great mess. Most famous were the one faced by the Weimar Republic of Germany where an order for printing money recklessly was issued after the defeat in the first world war, resulting in the prices of the goods rising very high and the value of German mark felt drastically. People need to carry bags full of money to buy a loaf of bread. The most recent example is that of Zimbabwe where a very large amount of money was printed to pay the national debt resulting to  hyperinflation. The conditions were so worse at the prices of goods doubled every 24 hours. As a result of inflation the government order to burn all the currency in the country and the use of only foreign currencies were permitted.
  This means if RBI issued order to print more and more currency in India someday, and distribute it among everyone then everyone would have a lot of money and would have higher demand by the supply will remain the same and thus the prices of everything would rise. The rise in price is directly proportional to the money in flow. Thus if twice money is printed the cost of everything with double and the value of the currency would fall down internationally. The value of Indian currency will keep losing with its printing. Thus, if inflation continues for long it would cause a major economic collapse.
  Thus there has been a need to control the printing of money in every country globally. In India the RBI (Reserve Bank of India) prints and manages the Indian currency. RBI maintains economic structure of a country so that it can achieve the objective of price stability as well as economic development. Monetary policy is designed to maintain the price stability in economy and avoid inflation situation. It thus offers a stable economy.
   Thus printing money is not a solution for economic growth. The only and relevant way for economic growth is to increase the goods and services in a country. It thus depends upon the GDP and the value of currency. Economic growth is possible with an increase in productivity, efficiency of labour, increase in unemployment and developing the quality of population and not merely printing more money.