You must have seen many such videos on social media in which it is said that if you had bought a share for Rs 1000 in 1980, it would have been worth several lakhs of rupees today. Something similar is said about the dollar also. 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 in 2024 for 50 years, 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. In simple words, if the value of the dollar increases in 50 years compared to today, you can get more rupees in 2074 and if the value of the dollar falls against the Indian rupee, you will get less rupees.
Inflation also affects
How much the dollar will be worth in comparison to India after 50 years also depends on what the inflation rate will be in India and America. Actually, due to inflation the real value of both dollar and rupee changes. For example, understand that in the year 2024, the price of 1 dollar is 85 rupees (this is estimated, as per today, the real price is 84 rupees 38 paise), then in 2024 the price of 100 dollars will be 8500 rupees. Now if the value of dollar increases against rupee then it can become 50000 instead of 8500.
But, the way India is moving towards development and is positioning itself strongly in front of the world, it is possible that the Indian Rupee may become stronger against the Dollar after 50 years. Understand it this way, if after 50 years one Indian rupee becomes worth 10 dollars, then your 100 dollars which is worth 8500 today will be worth only 10 rupees in 2074.
