Value of 1973 Indian Rupees today

₹100 in 1973
₹3,890.28 in 2024

The inflation rate in India between 1973 and today has been 3,790.28%, which translates into a total increase of ₹3,790.28. This means that 100 rupees in 1973 are equivalent to 3,890.28 rupees in 2024. In other words, the purchasing power of ₹100 in 1973 equals ₹3,890.28 today. The average annual inflation rate between these periods has been 7.44%.

Inflation timeline in India (1973 - 2024)

The following chart depicts the equivalence of ₹100 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (INR) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1973-2023 3,685.26%
Cumulative inflation 1973-today 3,790.28%
Avg. Annual inflation 1973-2023 7.54%
CPI 1973 3.97
CPI 2023 150.28
CPI 2024-04 (latest official data) 153.59
CPI today 154.45

How to calculate today's value of money after inflation?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1973 and 2023, use the corresponding CPI values:

Value2023
=Value1973 ×
CPI2023/CPI1973
=₹ 100 ×
150.28/3.97
₹3,785.26

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 154.45:

Valuetoday
=Value1973 ×
CPItoday/CPI1973
=₹ 100 ×
154.45/3.97
₹3,890.28

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)n, where:

  • FV: Future Value
  • PV: Present Value
  • i: Interest rate (inflation)
  • n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are ₹100 worth today. There are 50 years between 1973 and 2023 and the average inflation rate was 7.538%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=₹100 × (1 + 0.07538)50
₹3,785.26

India inflation - Conversion table

Initial Value Equivalent value
₹1 rupee in 1973 ₹37.85 rupees in 2023
₹5 rupees in 1973 ₹189.26 rupees in 2023
₹10 rupees in 1973 ₹378.53 rupees in 2023
₹50 rupees in 1973 ₹1,892.63 rupees in 2023
₹100 rupees in 1973 ₹3,785.26 rupees in 2023
₹500 rupees in 1973 ₹18,926.32 rupees in 2023
₹1,000 rupees in 1973 ₹37,852.63 rupees in 2023
₹5,000 rupees in 1973 ₹189,263.16 rupees in 2023
₹10,000 rupees in 1973 ₹378,526.33 rupees in 2023
₹50,000 rupees in 1973 ₹1,892,631.64 rupees in 2023
₹100,000 rupees in 1973 ₹3,785,263.28 rupees in 2023
₹500,000 rupees in 1973 ₹18,926,316.38 rupees in 2023
₹1,000,000 rupees in 1973 ₹37,852,632.76 rupees in 2023
Cumulative inflation From 1973 3,790.28%
Avg. annual inflation From 1973 7.44%
CPI 1973 3.97
CPI today 154.45

Value of Rupee over time (by year)

Period Value
1973 100
1974 128.6
1975 135.99
1976 125.61
1977 136.04
1978 139.48
1979 148.23
1980 165.05
1981 186.69
1982 201.42
1983 225.33
1984 244.07
1985 257.63
1986 280.12
1987 304.78
1988 333.38
1989 356.96
1990 388.98
1991 442.94
1992 495.15
1993 526.48
1994 580.43
1995 639.78
1996 697.21
1997 747.16
1998 846.02
1999 885.53
2000 921.03
2001 955.84
2002 996.91
2003 1,034.86
2004 1,073.84
2005 1,119.44
2006 1,184.33
2007 1,259.8
2008 1,364.99
2009 1,513.53
2010 1,694.99
2011 1,845.14
2012 2,016.97
2013 2,236.98
2014 2,379.09
2015 2,518.81
2016 2,643.26
2017 2,709.1
2018 2,840.78
2019 3,058.38
2020 3,228.46
2021 3,386.34
2022 3,586.15
2023 3,785.26
2024-04 3,868.51
Today 3,890.28

All available years

Today's value of indian rupees by year:

1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |

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