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Sunday, 27 September 2020

what has changed in 73 years: In 1947, the worth of 10 grams of gold was but Rs 89.


Understand in graphics what has changed in 73 years: In 1947, the worth of 10 grams of gold was but Rs 89, today not even 2 liters of milk


what has changed in 73 years
Image source: divya bhaskar
  • In 73 years, India’s population has quadrupled, from 34 crores at the time of independence, to quite 137 crores now.
  • In 1947, the worth of 1 liter of petrol was 27 paise.
what has changed in 73 years
what has changed in 73 yearS

What do I do if I even have 27 paise?

you’d say that it had been closed years ago. you’re right. albeit the cash is of no value today, on Independence Day , i.e. 15th August 1947, 1 liter of petrol might be bought for that quantity .

At that point , 10 grams of gold might be bought for an equivalent amount of petrol as 1 liter of petrol is out there today. At the worth of a liter of petrol today, one could travel fourfold by train from Delhi to Mumbai in those days.

Today you earn Rs 249 during a day. Or spend quite that, but that was the annual income of the typical citizen at that point . The country has changed in many areas within the last 73 years. What was things within the country at the time of independence and what’s it today? Here is that the detailed answer …

1. what proportion has the population of the country increased within the last 73 years?

once we got independence from British in 1947, the population of the country was only 34 crores. the primary census was taken in 1951 after independence. At that point , the country’s population had grown from 34 to 36 crore. At the time of Azadi independence, India’s literacy rate was only 12 per cent, which also increased to 18 per cent by 1951.

The last census was taken in 2011. At that point the population of the country was over 121 crores. The literacy rate also rose to 74 percent. In other words, at the time of independence only 12 per cent of the people within the country could study, now it’s increased significantly.

additionally , Aadhaar card issuing body UIDAI also releases population statistics from time to time. Accordingly, by 5th month 2020, the country’s population has exceeded 137 crore. Now, if you are doing the calculations, it are often said that the population of the country has increased 4 times since independence.

there’s also an assumption that by 2050, India are going to be favorite within the list of the world’s most populous countries. are going to be at 1. at the present , India ranks second after China.

what has changed in 73 years
what has changed in 73 years

2. what proportion has the country’s GDP increased in 73 years?

GDP is that the most elementary measure of a country’s economic potential. it’s said that when British came to India, India’s share in world GDP was 22%.

this suggests that by the 18th century, India’s GDP was the very best within the world. But thanks to the exploitative policy of British , the country’s GDP continued to say no . When the country was liberated from the clutches of British , the GDP was Rs 2.70 lakh crore. At that point , India’s share within the world’s total GDP was only 3%.

But since independence, India’s GDP has grown quite 55 times. GDP in 2019-20 is estimated at 147.79 lakh crore. Today, India is that the 5th largest economic power within the world and accounts for quite 4% of the world’s GDP.

what has changed in 73 years
what has changed in 73 years

3. what proportion did the typical Indian earn in 73 years of independence?

Today, even a well-planned mobile recharge for Rs 249 isn’t available. Some people’s daily expenses are quite Rs 249. But when the country became independent, the typical annual income of an Indian was Rs. 249 was an equivalent .
However, it should even be noted that since independence, the typical Indian’s annual income has increased 542 times. at the present the per capita annual income of the country is 1 lakh 35 thousand 50 rupees. Is adequate to . meaning 11 thousand 254 rupees per month.

what has changed in 73 years
what has changed in 73 years

4. what proportion poverty has decreased within the country after independence?

Now it’s understood that if income has increased then poverty has also decreased. However, let’s attempt to understand through statistics what proportion poverty has decreased within the 73 years since independence. When the country became independent, 80 per cent of the entire population i.e. 25 crore people were living below the poverty level .

Systematic registration of the amount of poor began after 1956. The BS Minhas Commission submitted a report back to the design Commission. consistent with this, it had been estimated that in 1956-57, 65 per cent of the people within the country i.e. 21.5 crore people were living below the poverty level .

the govt has also fixed a definition of poverty level , which shows who is taken into account below the poverty level and who isn’t . Accordingly, the monthly income of an individual living in an populated area is Rs. 1000 or more isn’t considered below the poverty level . Similarly, an individual living during a country whose monthly income is quite Rs 816 isn’t considered below the poverty level .

Now let’s check out the statistics. the newest poverty level figures are available only up to 2011-12. Accordingly, 26.9 crore population of the country remains below the poverty level . meaning 22 percent of the population remains poor. As a result, 58 per cent people have begin of poverty since independence.

what has changed in 73 years
what has changed in 73 years

5. what proportion has the worth of gold increased in 73 years?

it’s a well known incontrovertible fact that at just one occasion India was called the Golden Sparrow. the rationale was that each household within the country must have gold. Even today, more gold than the GDP of the many countries of the planet is stored in our temples. consistent with World Gold Council data, about 25,000 tonnes of gold, valued at quite Rs 75 lakh crore, is stored in Indian homes and temples.
one among the explanations for the normal attraction of Indians towards gold is that its price is consistently rising. So it’s easy to urge cash by pledging gold as per requirement.
Now allow us to also know that at the time of independence, the worth of 10 grams of gold was only Rs 88.62. Was. Today, the worth of gold per 10 grams is quite 54 thousand rupees.
this suggests that in 1947, we could buy 10 grams of gold for an equivalent amount, today we don’t get even 2 liters of milk for an equivalent amount. Because today the worth of 1 liter of milk is additionally a mean of Rs. the maximum amount as six.

what has changed in 73 years
what has changed in 73 years

6. what proportion has the worth of petrol gone up in 73 years?

talk about petrol after gold. But first let me tell you ways many carriages we had there at the time of independence. The Ministry of Road Transport has been keeping vehicle registration data since 1951. At that point there have been around 3 lakh vehicles registered within the country. meaning there have been but 3 lakh vehicles in our country at the time of independence. at the present quite 300 million vehicles are registered.

During these years Between this years not only cars but also petrol prices went up. At the time of independence, a liter of petrol was available for less than 27 paise. But today a liter of petrol has gone up to quite Rs 80. consistent with this, petrol has become 300 times costlier since independence.

what has changed in 73 years
what has changed in 73 years

7. Railway passenger growth in 73 years? what proportion did the rent go up?

On April 1, 1853, the primary train ran in our country. it had been the primary train to hide a distance of 33.6 km between Mumbai and Thane. Then gradually the railway line grew and therefore the railway became the lifeline of India. Lifeline is because train is that the medium through which many passengers can travel daily.

When India-Pakistan split, the railways were the sole means by which individuals were coming from India to Pakistan and from Pakistan to India. Currently, during the Corona epidemic, the railways are the sole thanks to get migrant workers home.

the rationale for calling it a lifeline is additionally because the amount of passengers traveling thereon is increasing per annum . In 1950-51, 128 crore people traveled during a train year. the amount has increased to 843 crore in 2018-19. the amount of individuals traveling by train has increased 6.5 times over the years.

the amount of passengers has increased. Inflation has also risen. The railway network has grown. Naturally the rent also goes up. So understand that in 1950-51, the railways wont to charge 1.5 paise per km. While in 2018-19, the fare is quite 44 paise per km. consistent with this, the railway fare has increased 30 times.

If we mention the revenue of the railways, in 1950-51, the railways wont to get revenue of Rs 98 crore a year from the passengers. within the year 2018-19, the revenue of the year was 50 thousand crores.

what has changed in 73 years
what has changed in 73 years

8. what proportion has the expenditure of Central Government increased in 73 years?

If everything is increasing then let’s take a glance at the expenditure of the central government. Our first budget came once we were free. That 1st budget of independent Azad India was from 15th August 1947 to 31st March 1948. the govt had put aside Rs 197 crore during this budget.

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Since then, the budget of our country has increased quite fifteen thousand-fold . within the budget presented by minister of finance Nirmala Sitharaman in 2020-21, the govt had put aside Rs 30.42 lakh crore. This money are going to be spent on our health, education, national security, development and other places.

what has changed in 73 years
what has changed in 73 yearS

9. what proportion has the rupee weakened against the dollar in 73 years?

you’ll have heard that at the time of independence, the worth of 1 dollar was adequate to 1 rupee. But there’s no such mention in government statistics. The world’s oldest travel company is Thomas Cook. Older because it started in 1881. That company provides exchange services. I.e. rupee for dollar and dollar for rupee.

Data is out there on the company’s website. It states that at the time of independence the worth of 1 dollar was 3 rupees 30 paise. Today, the worth of 1 dollar is 74 rupees 79 paise. this suggests that the rupee has depreciated 23 times against the dollar since independence.

Now also understand what’s the effect of weakening rupee? Because it affects not only the govt of the country but also the people. how? So that’s because the dollar is that the only currency of trade round the world. If we would like to shop for anything abroad, we’ve to pay in dollars. This increases inflation.

what has changed in 73 years
what has changed in 73 years

10. what proportion has the exchange Reserve increased in 73 years?

The weakening rupee has had an impression on our exchange reserves. Virtually every country has the currency reserves of another country within the world. Through it every country exports and imports. That reserve is named the exchange Reserve.

what has changed in 73 years
what has changed in 73 years

the amount of exchange reserves within the country at the time of independence couldn’t be ascertained. But data are kept since 1950-51. Accordingly, our country had a far off exchange reserve of Rs 1,029 crore. In 2018-19, we had reserves of Rs 28.55 lakh crore. Over the years, our foreign currency reserves have increased 2.5 thousand-fold . That depression seems to figure for each country.

what has changed in 73 years


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