~snip~
Me too I think it is a bad idea to print more money because it will mean so much money in circulation. This is what causes inflation. If there is more money and India does not have a strong fiscal policy it will mess up the economy and Indians will be the ones to suffer at the end.
Printing more money per se is not that bad. Especially if it is done as an extreme measure to something that is extremely urgent such as what is currently happening to almost all countries. Also, it is being done all around the world. This is not peculiar to India. For as long as it is well-managed, I believe it will do more good than bad.
This is not the only thing that causes inflation. There are so many factors that cause inflation. And, most importantly, inflation is actually not to be fully avoided. It is designed to be there. It should be there, albeit closely managed.
The problem is that printing money has gone to something we do in extraordinary circumstances to a standard tactic, governments now print a lot of money for no reason at all and now when printing money could be used as a way to stimulate the economy to get off this difficult circumstances they find out this could damage the economy as well, if this crisis last for a lot longer I am not so sure the economic system will survive and probably a big reform will come during the next years.