The Growth of Currency Organisations in India
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580 43. 790 20. 790 1897-98* 73-930 75. 740 28. 190 1898-99 73. 670 48 . 400 25. 270 1899-1900* 69. 560 46. 920 22 . 640 1900-01* 78 . 940 55. 130 23. 810 1901-02* 83. 700 52. 730 30. 970 1902-03 94. 510 54. 050 40 . 460 1903-04 lOI. OIO 61. 360 42. 650 1904-05 106. 470 66 . 070 40. 400 1905-06 III. 230 72. 190 39. 040 1906-07 129. 270 79. 050 50. 220 1907-08* 99-530 87. 420 I2. II0 1908-09* III. 240 75. 840 35. 400 1909-10 138. 340 82. 330 56. 010 1910-11 150. 560 89. 850 60. 710 1911-12 160. ...810 100. 340 60 . 470 It will be seen that throughout all this long period there has not been a single year — inspite of the fact that parts of India were afflicted with acute famines in several different years — when India has not been able to pay for her foreign purchases by her exports. On the contrary, there has always been a substantial balance of trade in her favour. There is thus, for all practical purposes, an exceedingly remote risk of the disturbance in exchange value of the rupee on this account.
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To quickly assess the difficulty of the text, read a short excerpt:
580 43. 790 20. 790 1897-98* 73-930 75. 740 28. 190 1898-99 73. 670 48 . 400 25. 270 1899-1900* 69. 560 46. 920 22 . 640 1900-01* 78 . 940 55. 130 23. 810 1901-02* 83. 700 52. 730 30. 970 1902-03 94. 510 54. 050 40 . 460 1903-04 lOI. OIO 61. 360 42. 650 1904-05 106. 470 66 . 070 40. 400 1905-06 III. 230 72. 190 39. 040 1906-07 129. 270 79. 050 50. 220 1907-08* 99-530 87. 420 I2. II0 1908-09* III. 240 75. 840 35. 400 1909-10 138. 340 82. 330 56. 010 1910-11 150. 560 89. 850 60. 710 1911-12 160. ...810 100. 340 60 . 470 It will be seen that throughout all this long period there has not been a single year — inspite of the fact that parts of India were afflicted with acute famines in several different years — when India has not been able to pay for her foreign purchases by her exports. On the contrary, there has always been a substantial balance of trade in her favour. There is thus, for all practical purposes, an exceedingly remote risk of the disturbance in exchange value of the rupee on this account.
What to read after The Growth of Currency Organisations in India?
You can find similar books in the "Read Also" column, or choose other free books by Alakh Dhari to read onlineMoreLess
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