Economy of India
At the time of independence, India’s position on the Economic Front in the year 1947 was nothing special, but as time passed, India’s economic condition also changed. Since independence, India has seen many ups and downs in the economic journey. In such a situation, the question arises that what has been changed in the economy of the country since independence. During this period, many questions related to the economy of the country can arise in our mind, such as how much Sensax increased, how much gold prices increased, how much inflation increased or decreased and how was the journey of the rupee in front of the dollar.
The story of the journey of India’s economy from independence till now is not only about the figures, but also your pocket, your wait and your future. Let us understand what has changed since independence and how this change reached the common man.
GDP growth and economic form
At the time of independence, India was a weak, planned economy, which gradually created a solid industrial and institutional basis. After the 1991 Liberalization reforms, India’s faster development began in GDP; In 1992, GDP was around $ 288 billion, which has reached around 4.19 trillion dollars by 2025. Many reports estimate that if this growth rate continues, India can overtake Germany and Japan by 2028.
Story of Stock Market (Sensex and Nifty)
Sensex started with just ₹ 100 in April 1979 and by 2025 it reached around ₹ 80,000. That is, the Sensex has increased by about 800 times during this period. According to this, money has doubled every five years. Nifty 50 also achieved a good place. In September 2024, the Nifty crossed the level of 26,000 and reached the record.
Inflation
CPI based retail inflation keeps increasing at the time of time. It reached 28% in 1974, while in 1991 it was 13.87%. According to recent data, inflation was 2.10% in June 2025, while in July 2025 it fell to 1.55%, which is the lowest level after 2017.
Golden: How much price increased?
In 1964, the average price of 10 grams of gold was ₹ 63.25, which increased to ₹ 4,400 in 2000, in 2010 it increased to ₹ 18,500. At the same time, in 2025 this year, the price of gold has reached above ₹ 1,00,000 per ten grams. Talking about silver, it also reached a record ₹ 1,16,700 per kg in history. This year, the big reason for the boom in gold and silver is the trade war running at the global level.
Rupee value against dollar
The price of ₹ 1 in 1947 was $ 3.30 but after that the dollar strengthened continuously against the rupee and in 1970 the value of 1 US dollar reached Rs 7.50. In 1990, the value of $ 1 was ₹ 17. , In the year 2000, the price of $ 1 increased to Rs 44 and in the beginning of 2025 it has increased to ₹ 87.7 per dollar. This figure shows that in the last years the dollar has been strengthened against the Indian rupee continuously.
