Value of 1974 Indian Rupees today

$100 in 1974

$2,640.41 in 2019

The inflation rate in India between 1974 and today has been 2,540.41%, which translates into a total increase of $2,540.41. This means that 100 rupees in 1974 are equivalent to 2,640.41 rupees in 2019. In other words, the purchasing power of $100 in 1974 equals $2,640.41 today. The average annual inflation rate has been 7.38%.

Inflation timeline in India (1974-2019)

The following chart depicts the equivalence of $100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1974-2019) 2,532.36%
Total Inflation* 2,540.41%
Annual inflation avg. (1974-2019) 7.54%
Annual inflation avg.* 7.38%
CPI 1974 4.37
CPI 2019 115.14
CPI today* 115.49
$1 in 1974 $26.32 in 2019

* Values extrapolated from the last official data to obtain today's values.

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 compound interest formula or the Consumer Price Index (CPI) formula.

Using the compound interest formula

Given that money changes in time as a result of an inflation rate that acts as a compound interest, the following formula can be used: 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 45 years between 1974 and 2019 and the average inflation rate has been 7.3757%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.07)45 = $2,632.36

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1974 was 4.37 and the CPI today is 115.49. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
115.14/4.37
= $2,632.36

India inflation - Conversion table

Initial Value Equivalent value
$1 rupee in 1974 $26.4 rupees today
$5 rupees in 1974 $132.02 rupees today
$10 rupees in 1974 $264.04 rupees today
$50 rupees in 1974 $1,320.2 rupees today
$100 rupees in 1974 $2,640.41 rupees today
$500 rupees in 1974 $13,202.05 rupees today
$1,000 rupees in 1974 $26,404.1 rupees today
$5,000 rupees in 1974 $132,020.5 rupees today
$10,000 rupees in 1974 $264,041 rupees today
$50,000 rupees in 1974 $1,320,204.98 rupees today
$100,000 rupees in 1974 $2,640,409.95 rupees today
$500,000 rupees in 1974 $13,202,049.77 rupees today
$1,000,000 rupees in 1974 $26,404,099.55 rupees today

Value of Rupee in time (by year)

Period Value
1974 100
1975 125.4
1976 117.65
1977 117.65
1978 126.89
1979 128.81
1980 143.88
1981 156.95
1982 176.94
1983 191.17
1984 214.99
1985 226.14
1986 242.3
1987 264.61
1988 289.26
1989 314.67
1990 331.73
1991 377.23
1992 426.52
1993 460.64
1994 500.45
1995 547.84
1996 600.91
1997 663.47
1998 705.17
1999 813.22
2000 817.01
2001 845.45
2002 889.05
2003 917.48
2004 951.6
2005 987.62
2006 1,042.59
2007 1,110.66
2008 1,171.88
2009 1,285.57
2010 1,477.97
2011 1,617.89
2012 1,722.84
2013 1,915.24
2014 2,090.14
2015 2,212.58
2016 2,352.5
2017 2,404.97
2018 2,501.18
2019 2,632.36
Today 2,640.41