Very True.......... interesting indeed. Thanks for sharing.
I will post this graph (from the link above) separately.
This shows most of the devaluation has happened during
Second World War (could be due to British occupation);
& after 1947 India's independence,
http://4.bp.blogspot.com/-iSFcdIh9YLc/TseruCvbBZI/AAAAAAAACfY/d5wYhXR7wn4/s1600/Historic+Indian+Rupee+Value+Graph.png" border="0" alt="http://4.bp.blogspot.com/-iSFcdIh9YLc/TseruCvbBZI/AAAAAAAACfY/d5wYhXR7wn4/s1600/Historic+Indian+Rupee+Value+Graph.png" />
Thanks for sharing form my site.. Let's spread the word..
There are many factors responsible for the devaluation of Indian rupee. But the single most major contributor is the rise in population.
In 1951 it was 361 million, in 1961 it was 440 million, in 1971 it was 540 million, in 1981 it was 684 million and now in 2011 it was 1210 million. I don't know what was that in 1835 where coins were made from only silver.
Rupee was not able to sustain with the haphazard growth of population.
rising population can make a country's economy strong ...
i think u should take example from china they are far better from us...
How are country's currency value and population related ?? Kindly explain ...
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Fido.
Quote:
Originally posted by Fido
How are country's currency value and population related ?? Kindly explain ...
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