Value Of Money

It can also be called as inflation I should say.

Today I happened to attend a grand celebration organized by one of the electronic retail showrooms here. It is marked 'grand' because of the arrival of the state governor & a cabinet minister. And this function is for selecting one lucky winner - As simple as that. All customers who have bought electronic item from the retail shop during the celebration season of Navrathri & Diwali had the chance of winning.

From Oct 12 to Dec 1, the total sales by this electronic retailer is like around INR 450,000,000. The lucky winner gets INR 25,00,000. That ain't a bad figure but that ain't is going to get a good 2 BHK apartment in today's cosmopolitans. But as it can be seen, that sure is a huge figure if we rewind our time to say 25 years. People were taking their life insurance policies for one lakh or so. As can be seen from Om Shanti Om, film producers were putting up sets for Rs. 40,00,000 and today the figures from Sivaji stands like 85,00,00,000.

25 years down the line, I think INR 50,00, 000 will stand equal to today's INR 10000 or much worse.