Explain : According to Pandit Deendayal limited consumptions the solution to major economic problems.

Explain : According to Pandit Deendayal limited consumptions the solut

1.	Explain : According to Pandit Deendayal limited consumptions the solution to major economic problems.
Answer» Pandit Deendayal proposed that a country should frame a policy to limit the national consumption and hence make itself self-reliant. Not only developing but even developed nations face problems related to insufficient raw materials, increasing crude prices, inflation, race for armament, product quality as well as increasing national stress and environmental issues. These countries by limiting their consumption can resolve many of these problems. Moreover in countries like India, the standard of living of many people is quite low. Pandit Deendayal believed that if such countries limit their consumption and distribute the production properly then the production could reach more people and hence the standard of living can be improved. Thus, limited consumption can bring solution to major economic problems.