Restricting consumption:

• As per Pandit Deendayal, “To satisfy unlimited wants the society invents new methods and factors and such methods on the other hand create newer problems and also create the risk of destroying human values. So our economic goal should be to limit consumption. Keeping in mind the development of the nation, consumption and production limits should be decided and maintained.”
• He proposed that a country should frame a policy to limit the national consumption and hence make itself self-reliant.
• Developed nations also 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. Hence, developed capitalist nations also got influenced by Deendayal’s idea of limiting consumption.
• These countries have started working towards applying the concept of limited consumption to resolve certain issues.
• The standard of living of many Indians is quite low. Hence, Pandit Deendayal believed that the state should made unarguable efforts to raise the standard of living of people.
• In order to raise the standard of living, production should be increased and appropriate distribution must take place. This is possible only by limiting consumption.
• He states that a person should have its needs within the limits of his income.