You must have seen many such videos on social media in which it is said that if you had bought a stock for 1000 rupees in 1980, then it would have been worth several lakh rupees today. Something similar is said about the dollar as well. Now the question arises whether this can happen even today. That is, if a person keeps 100 dollars for 50 years, can he make many times more money from it. Let us try to understand this mathematics in this news today.
What will happen after 50 years
If you keep 100 dollars in 2024 for 50 years, then how much will you get in 2074? To know this, you have to understand some things. Like - Dollar-Rupee exchange rate. Let us tell you, this rate keeps changing with time, so it is difficult to estimate it. In simple words, if the value of dollar increases in 50 years as compared to today, then you can get more rupees in 2074 and if the value of dollar falls as compared to indian rupee, then you will get less rupees.
Inflation also affects
How much will be the value of dollar as compared to india after 50 years also depends on the inflation rate in india and America. Actually, due to inflation, the real value of both dollar and rupee changes. For example, understand it like this that in the year 2024, the value of 1 dollar is 85 rupees (this is estimated, as per today, the real value is 84 rupees 38 paise), then in 2024 the value of 100 dollars is 8500 rupees. Now if the value of dollar increases as compared to rupee, then this 8500 can also become 50000. But, the way india is progressing towards development and is presenting itself strongly in front of the world, it is possible that the indian rupee may be stronger against the dollar after 50 years. Understand it like this that if after 50 years, one indian rupee becomes equal to 10 dollars, then your 100 dollars which are worth 8500 today will be worth only 10 rupees in 2074.
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