Story of Indian Rupee


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web2000   
Member since: May 06
Posts: 849
Location:

Post ID: #PID Posted on: 28-11-11 15:51:12


ashedfc   
Member since: Jun 10
Posts: 2153
Location: GTA

Post ID: #PID Posted on: 28-11-11 16:02:12

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" />



commonman   
Member since: Nov 11
Posts: 6
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Post ID: #PID Posted on: 28-11-11 17:41:11

Thanks for sharing form my site.. :) Let's spread the word..



chekram_04   
Member since: Nov 06
Posts: 427
Location: Mississauga

Post ID: #PID Posted on: 29-11-11 11:20:11

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.



lol1   
Member since: Nov 11
Posts: 15
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Post ID: #PID Posted on: 29-11-11 12:10:55

rising population can make a country's economy strong ...
i think u should take example from china they are far better from us...



Fido   
Member since: Aug 06
Posts: 5286
Location: Canada

Post ID: #PID Posted on: 29-11-11 12:15:53

How are country's currency value and population related ?? Kindly explain ...


-----------------------------------------------------------------
Fido.


chekram_04   
Member since: Nov 06
Posts: 427
Location: Mississauga

Post ID: #PID Posted on: 29-11-11 13:52:26

Quote:
Originally posted by Fido
How are country's currency value and population related ?? Kindly explain ...


It is very simple. More and more people need more units of currency resulted in continuous supply of currency.
Specifically in India, the land (area)and other resources are less comparable to other countries. so, it did not result in the rise in currency instead it resulted in more supply of currency and hence devaluated.
There are other economic factors like import- export, production etc. are responsible which can lead to rise the currency value but did not sustain against the growth of population and inflation in India.
Of course, this was not the case with China because they have more land (3 times more than India) and population is only 10% more. They did very great to control population in last 30 years since they started liberalization. They have more natural resources and utilized very well so they are way ahead in GDP than India so they have a good track record about the value of currency. This is not the case with India.



Contributors: commonman(4) ashedfc(4) chekram_04(3) Fido(3) web2000(1) lol1(1)



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