Government plans to change how we see product prices
The Modi government is looking to shake up how Maximum Retail Prices (MRP) work in India.
Instead of one fixed price for everyone, the new plan could tie MRPs to real production and distribution costs.
Ideas on the table include using QR codes for price transparency, a Suggested Retail Price model that allows local adjustments, and clearer cost breakdowns.
What does this mean for consumers and businesses?
If these changes go through, shopping could get more transparent—no more mystery about why things cost what they do.
It might help keep prices fairer, especially for essentials and in rural areas where transport costs are higher.
Consumer groups are on board, but some businesses worry that less flexible pricing might not fit India's diverse markets.
No final call has been made yet, but this could be a big step toward making prices make sense for everyone.