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India What was Rs.100 worth to your parents and grandparents?

Discussion in 'Breaking News' started by Admin Singh, Aug 30, 2013.

  1. Admin Singh

    Admin Singh
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    We all have heard from our parents and grandparents that they earned in 10s and 100s yet Rs. 1 bought them a lot of stuff. Here CNN-IBN has done an infographic showing what Rs.100 was really worth each year going back to before our independence. By taking the Wholesale Price Index based inflation figures for the last 74 years and converted them all to the base year 1939 for easier comparison and came up with the graph below that shows the value of Rs 100 from the past 74 years in 2013. You can now calculate what yours or your mother’s or father’s first salary would be in today’s currency. For example if they earned Rs.100 in 1939, they must have been earning over Rs.20,000 in today’s terms.

    Inflation impact follow!
     

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  3. Admin Singh

    Admin Singh
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    Inflation impact: How much Rs 100 from then will be worth now?
     

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  4. Gyani Jarnail Singh

    Gyani Jarnail Singh Malaysia
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    When my dad left the Punjab State education Service in 1949 his monthly pay was Rs 142.50.....and he migrated to Malaya in 1949 for a Monthly Pay of Malayan Dollar 120..which was way way BEYOND the RS 142 !!!..and Today a Grad with MTech etc in India earns 20K to 30K that is just RS 100 !!...and in Malaysia a fresh U grad earns MYR 2500..which again is less than Malayan Dollar 10.00 in those days..and remeber the GRADES/Edu level of todays Grads is far below that of a PRIMARY Pass of those days..
     
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  5. palaingtha

    palaingtha India
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    I am 82. My grand father earned Rs.5/- per month as Village Land Record Keeper (as Patwari, then later as Kanoongo) from the Government plus his charges for his services to the villagers in the form of farm produce.
    My father before the Second world war earned Rs.500/- p.a. from his business. After 1945 he was earning about Rs.2000/- (approx.) p.m. At that time Pure ghee was selling for Rs.9/- for 16 Kg. Tin.
    I started as a Sales man @ Rs.150/- p.m in 1950 and in 1957 was earning Rs.400/- p.m. In 1958 I started my business and by 1960 I was earning 1.5 Lacs (approx.) p.a. At this time Pure Ghee was selling at Rs.102/- per 16 kg tin. (My father's and my incomes were in Burma)
    As a professional accountant in India I started @ Rs.350/- p.m. (when a clerk in Govt service was earning Rs.103/- p.m.)and rose to earn Rs.3000/- p.m. The price of Pure Ghee was around Rs.45/- to Rs.50/-.
    Today a clerk in private service earns around 15 to 20 thousand per month. A Kilogram of ghee sells around Rs.300/-.
     
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