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Value of 1974 Indian Rupees today

$100 in 1974
$2,828.95 in 2022

The inflation rate in India between 1974 and today has been 2,728.95%, which translates into a total increase of $2,728.95. This means that 100 rupees in 1974 are equivalent to 2,828.95 rupees in 2022. In other words, the purchasing power of $100 in 1974 equals $2,828.95 today. The average annual inflation rate between these periods has been 7.21%.

Inflation timeline in India (1974 - 2022)

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 1974-2021 2,533.26%
Cumulative inflation 1974-today 2,728.95%
Avg. Annual inflation 1974-2021 7.21%
CPI 1974 5.11
CPI 2021 134.44
CPI 2022-07 (latest official data) 143.12
CPI today 144.43

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 1974 and 2021, use the corresponding CPI values:

Value2021
=Value1974 ×
CPI2021/CPI1974
=$ 100 ×
134.44/5.11
$2,633.26

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 144.43:

Valuetoday
=Value1974 ×
CPItoday/CPI1974
=$ 100 ×
144.43/5.11
$2,828.95

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 47 years between 1974 and 2021 and the average inflation rate was 7.207%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.07207)47
$2,633.26

India inflation - Conversion table

Initial Value Equivalent value
$1 rupee in 1974 $26.33 rupees in 2021
$5 rupees in 1974 $131.66 rupees in 2021
$10 rupees in 1974 $263.33 rupees in 2021
$50 rupees in 1974 $1,316.63 rupees in 2021
$100 rupees in 1974 $2,633.26 rupees in 2021
$500 rupees in 1974 $13,166.3 rupees in 2021
$1,000 rupees in 1974 $26,332.61 rupees in 2021
$5,000 rupees in 1974 $131,663.03 rupees in 2021
$10,000 rupees in 1974 $263,326.05 rupees in 2021
$50,000 rupees in 1974 $1,316,630.25 rupees in 2021
$100,000 rupees in 1974 $2,633,260.5 rupees in 2021
$500,000 rupees in 1974 $13,166,302.52 rupees in 2021
$1,000,000 rupees in 1974 $26,332,605.04 rupees in 2021
Cumulative inflation From 1974 2,728.95%
Avg. annual inflation From 1974 7.21%
CPI 1974 5.11
CPI today 144.43

Value of Rupee over time (by year)

Period Value
1974 100
1975 105.75
1976 97.68
1977 105.79
1978 108.46
1979 115.27
1980 128.34
1981 145.17
1982 156.63
1983 175.22
1984 189.79
1985 200.34
1986 217.83
1987 237
1988 259.24
1989 277.58
1990 302.48
1991 344.43
1992 385.04
1993 409.4
1994 451.35
1995 497.5
1996 542.16
1997 581
1998 657.88
1999 688.6
2000 716.21
2001 743.27
2002 775.21
2003 804.72
2004 835.03
2005 870.49
2006 920.95
2007 979.64
2008 1,061.43
2009 1,176.94
2010 1,318.05
2011 1,434.81
2012 1,568.42
2013 1,739.5
2014 1,850.01
2015 1,958.65
2016 2,055.43
2017 2,106.63
2018 2,209.03
2019 2,378.23
2020 2,510.49
2021 2,633.26
2022-07 2,803.2
Today 2,828.95

All available years

Today's value of indian rupees by year:

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 |

Other currencies: