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This fixed exchange rate was maintained until 11 May 1972, in which the rupee was devalued to Rs.11/- per dollar. [31] Initially, the Indian and Pakistani rupees were at parity until sterling was devalued in 1949, in which India followed suit but Pakistan did not. This caused the Pakistani rupee to be valued at a 44% premium to the Indian rupee ...
The dollar-pound exchange rate then was $4.03 to the pound, which in effect gave a rupee-dollar rate in 1947 of around ₹3.30. [24] [25] The pound was devalued in 1949, changing its parity from 4.03 to 2.80. India was then a part of the sterling area, and the rupee was devalued on the same day by the same percentage so that the new dollar ...
The film's net gross (after deducting entertainment tax) was ₹ 794 million (US$19.2 million) in India. [63] The film collected $2.62 million in the United Kingdom, $3.6 million in North America, [ 64 ] and $3.93 million collectively from the rest of the world, which resulted in total overseas collections of $10,150,000, [ 2 ] [ 65 ] the ...
During this period, Pakistan faced a worsening trade balance, with deficits increasing from −831 million Rupees in 1950/51 to −1043 million Rupees in 1959/60. Economically, agriculture grew at an annual rate of 1.6%, while manufacturing expanded impressively at 7.7% per annum during the 1950s.
From 1967 to 1975, the government pegged the Nepalese rupee against the Indian rupee, the US dollar and gold, starting at रु1.35 = ₹1, रु10.125 = US$1 and रु1 = 0.08777g gold. By the time the gold peg was removed in 1978, the exchange rate was रु1.39075 = ₹1, रु12.50 = $1 and रु1 = 0.0808408g gold.
In 1998, economic historian J. Bradford DeLong estimated the total GWP in 1990 U.S. dollars for the main years between one million years BCE and 2000 CE (shown in the table below). [6] Estimates from 2000 onwards are based on world GDP, PPP estimates in 2021 constant international dollars from the World Bank and subsequently converted to 1990 US$.
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. [322] India earned $21.07 billion in foreign exchange from tourism receipts in 2015. [323]
According to a 2016 Oxfam report, the wealth of the poorest 95% dropped by 38% between 2010 and 2015, due to an increase in the global population by 400 million. [18] In the same period, the wealth of the richest 62 people between the World's Billionaires increased by $500bn (£350bn) to $1.76tn. More recently, in 2017 an Oxfam report noted ...