On paper a 17x.
In real money a 4x.
39.6L
What that Rs 1.7 crore projection actually buys in today's rupees
A friend showed me a projection this morning, grinning. Rs 10 lakh turning into Rs 1.7 crore. Sensible 12 percent, 25 years, nothing fishy in the math. I didn't want to ruin his coffee. But that 1.7 crore is not 1.7 crore.