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Q.

A few years back when our father or any uncle told us that " Hamare zamane mein to ek rupye ka bees ser atta milta tha or do paise ka ek kilo doodh milta tha", we used to laugh away. Now thinking retrospectively we can say " Do saal pehle to Amul 500gm butter Rs80/- ka milta tha , jo aaj Rs112/- ka hai. Doodh tab Rs14/- lite milta tha jo aaj Rs28/- litre hai." Do we feel like laughing again on our own thinking now and can you imagine what will our future generation have to say?

Tags: hai, thinking, tha
Asked by HEMANT MEHTA, 10 Dec '09 06:34 pm
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Answers (7)

1.

A very complex question to answer in a few words... however, it is better to refer back as to what a bank clerk used to earn in the 1930s.... It was only Rs.17.12.05 (Rs As Ps) which was considered a comfortable salary. What was the price of gold? Rs.12 per sovereign.
If one were to argue in real terms, in actual real terms, the prices for most commodities have the same purchase parity when compared with the international price of gold/average income. Some raw materials may have increased disproportionately owing to the increased demand for them industrially, and some come down. Generally, if you discount the seasonal rise owing to demand and supply and the vice versa, you would find that perhaps goods and services are CHEAPER today than it was either during your grandfather's time or some, even 2 years ago.
What was the price of gold 2 years ago? What is it now? Maybe the salary has not caught up yet, but eventually, it will over a span of time.
Please also remember, that paying Rs ...more
Answered by Satish Kamath, 11 Dec '09 10:33 am

 
  
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2.

Our future generations will tell the same things what we will tell them and, what our elders told us.
Of course in real life, the level of income, demand and supply situation and the availability of a larger variety of consumer goods and inflation, that keeps rising with each generation, levels out every thing, in the long run. Though it pinches us, when we make short term comparisons.
Answered by mohanbirsingh ghura, 10 Dec '09 08:11 pm

 
  
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3.

Sir we can't compare the present world to the one which was,,years back!!
the reason being..that with time,,,the world is also advancing,,,,economies are changing!!
value of rs..in indian context is falling!!!................and it will continue!!
Answered by Garima Bhatnagar, 10 Dec '09 06:51 pm

 
  
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4.

Our future generation will say -aap ne kya 14 rupaye littre wala doodh piya hai-doodh to hum peetay hain 1 rupeye ka 1ml.
Answered by Pardeep kapoor, 10 Dec '09 06:40 pm

 
  
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5.

532 milk
1831720
gold
Answered by Motu, 21 Sep 06:11 pm

 
  
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6.

They will not say anything.......!
Answered by Satyakam Nayak, 10 Dec '09 06:39 pm

 
  
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7.

532 milk
1831720
gold
Answered by Rajiv Parmar, 10 Dec '09 06:37 pm

 
  
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