ABSTRACT

The effect of a rise in prices on the condition of the rural population in India has been a matter of very serious difference of opinion. Some authorities have held that, seeing that the produce of the land was the source of the prosperity of landholders and village people generally, the fact of their being able to obtain a higher price for it would obviously lead to their general economic advantage. The matter is really of great importance, because, among other reasons, in a country of periodic land settlements such as occur in India changes in price have always been considered a valid factor in determining changes in land assessment. There are many methods of making a study of the effect of a rise in prices on rural prosperity. The sources of revenue have been ascertained for each family, as well as the necessary expenditure, including the payments of interest on debts which they had incurred.