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Value of 1978 Indian Rupees today

$100 in 1978
$2,636.57 in 2022

The inflation rate in India between 1978 and today has been 2,536.57%, which translates into a total increase of $2,536.57. This means that 100 rupees in 1978 are equivalent to 2,636.57 rupees in 2022. In other words, the purchasing power of $100 in 1978 equals $2,636.57 today. The average annual inflation rate between these periods has been 7.72%.

Inflation timeline in India (1978 - 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 1978-2021 2,327.88%
Cumulative inflation 1978-today 2,536.57%
Avg. Annual inflation 1978-2021 7.7%
CPI 1978 5.54
CPI 2021 134.44
CPI 2022-09 (latest official data) 144.66
CPI today 146

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 1978 and 2021, use the corresponding CPI values:

Value2021
=Value1978 ×
CPI2021/CPI1978
=$ 100 ×
134.44/5.54
$2,427.88

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 146:

Valuetoday
=Value1978 ×
CPItoday/CPI1978
=$ 100 ×
146/5.54
$2,636.57

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 43 years between 1978 and 2021 and the average inflation rate was 7.6997%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.076997)43
$2,427.88

India inflation - Conversion table

Initial Value Equivalent value
$1 rupee in 1978 $24.28 rupees in 2021
$5 rupees in 1978 $121.39 rupees in 2021
$10 rupees in 1978 $242.79 rupees in 2021
$50 rupees in 1978 $1,213.94 rupees in 2021
$100 rupees in 1978 $2,427.88 rupees in 2021
$500 rupees in 1978 $12,139.41 rupees in 2021
$1,000 rupees in 1978 $24,278.82 rupees in 2021
$5,000 rupees in 1978 $121,394.11 rupees in 2021
$10,000 rupees in 1978 $242,788.22 rupees in 2021
$50,000 rupees in 1978 $1,213,941.09 rupees in 2021
$100,000 rupees in 1978 $2,427,882.17 rupees in 2021
$500,000 rupees in 1978 $12,139,410.86 rupees in 2021
$1,000,000 rupees in 1978 $24,278,821.71 rupees in 2021
Cumulative inflation From 1978 2,536.57%
Avg. annual inflation From 1978 7.72%
CPI 1978 5.54
CPI today 146

Value of Rupee over time (by year)

Period Value
1978 100
1979 106.28
1980 118.33
1981 133.85
1982 144.41
1983 161.55
1984 174.99
1985 184.71
1986 200.84
1987 218.51
1988 239.02
1989 255.93
1990 278.89
1991 317.57
1992 355
1993 377.47
1994 416.15
1995 458.7
1996 499.88
1997 535.69
1998 606.57
1999 634.89
2000 660.35
2001 685.3
2002 714.75
2003 741.95
2004 769.9
2005 802.6
2006 849.12
2007 903.23
2008 978.65
2009 1,085.15
2010 1,215.25
2011 1,322.9
2012 1,446.09
2013 1,603.83
2014 1,705.72
2015 1,805.89
2016 1,895.12
2017 1,942.33
2018 2,036.74
2019 2,192.74
2020 2,314.69
2021 2,427.88
2022-09 2,612.42
Today 2,636.57

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: