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The Pakistani rupee depreciated against the US dollar until around the start of the 21st century, when Pakistan's large current-account surplus pushed the value of the rupee up versus the dollar. Pakistan's central bank then stabilized by lowering interest rates and buying dollars, in order to preserve the country's export competitiveness.
Inflation in 1965 was 635%. In late 1965, the 'new rupiah' was brought in, at 1 new rupiah to 1,000 old rupiah. The official exchange rate was set initially at Rp0.25 to US$1 as of 13 December 1965, a rate that did not represent reality, as the multiple exchange-rate system remained in place for the time being.
For example 150,000,000 (one hundred and fifty million) rupees is written as "fifteen crore rupees", "₹ 15 crore". [1] In the abbreviated form, usage such as "₹ 15 cr" is common. [3] Trillions (in the short scale) of money are often written or spoken of in terms of lakh crore. For example, one trillion rupees is equivalent to: ₹ 1 lakh ...
The sector is predicted to grow at an annual rate of 6.9% to ₹ 32.05 trillion (US$370 billion) by 2028 (9.9% of GDP). [320] Over 10 million foreign tourists arrived in India in 2017 compared to 8.89 million in 2016, recording a growth of 15.6%. [321] The tourism industry contributes about 9.2% of India's GDP and employs over 42 million people ...
Averaging an economic growth rate of 7.5% for several years prior to 2007, [307] India has more than doubled its hourly wage rates during the first decade of the 21st century. [317] Some 431 million Indians have left poverty since 1985; India's middle classes are projected to number around 580 million by 2030. [318]
From 93,000 transactions in August 2016 valued at ₹ 3 crore (30 million), UPI generated 80 crore (800 million) transactions in March 2019 with a total value of ₹ 1.3 lakh crore (1330 billion). [16] In June 2021, UPI recorded 1. 9.4 crore (94 million) IPO mandates that increased to 76.6 lakhs (7.66 million) in July. [87]
Based on 2019's PPPs International Comparison Program, [8] [9] [10] According to the United Nations Millennium Development Goals (MDG) programme, 80 million people out of 1.2 billion Indians, roughly equal to 6.7% of India's population, lived below the poverty line of $1.25 [11] and 84% of Indians lived on less than $6.85 per day in 2019. [12]
After an early period of exponential growth, [28] the growth rate of the English Wikipedia in terms of the numbers of new articles and of editors, appears to have peaked around early 2007. [29] The edition reached 3 million articles in August 2009. Around 1,800 articles were added daily to the encyclopedia in 2006; by 2013 that average was ...