Modern monitary theorists argue that governments don't have to worry about this too much, since they've been printing money for almost a decade now without triggering runaway inflation. But India doesn't enjoy the same status as some of these other currencies. Although we have the luxury to borrow in our own currency, we can't use it for trade, much like shilanka. And if we constantly print more money in a bit to facilitate extravagant spending, then we will need more rupees to buy the same amount of dollars and importers will have to pay a steep price for the government's misadventure.