518 DR. BABASAHEB AMBEDKAR : WRITINGS AND SPEECHES
On the basis of this theory the real explanation for a fall in the Indian exchange should be sought for in the movement of the Indian price-level. Lest there be any doubt regarding the validity of the proposition let us take each of the occasions of the fall and find out whether or not the fall was coincident with the fall in the purchasing power of the rupee.*
TABLE XXXVI
| Col1 | PERIOD I, 1890 | Col3 | 0-99 | Col5 |
|---|---|---|---|---|
| Years | Currency in Circulation + Rupees Notes | Index Number of prices in India 1890-94=100 | Index Number of prices in England 1890-94 = 100 | |
| Amount in Crores of Rs. | Index Number 1890-94 = 100 | |||
| (1) 1890 ... 1891 ... 1892 ... 1893 ... 1894 ... 1895 ... 1896 ... 1897 ... 1898 ... 1899 ... | (2) 120 131 141 132 129 132 127 125 122 131 | (3) 92 100 108 101 99 101 97 96 93 100 | (4) 113 106 100 96 85 89 99 120 109 108 | (5) 104 105 99 99 93 90 89 90 91 94 |
TABLE XXXVII P ERIOD II, 1900-1908
| Years | Currency in Circulation Rupees + Notes | Col3 | Index Number of prices in India 1890-94 = 100 | Index Number of prices in England 1890-94=100 |
|---|---|---|---|---|
| Amount in Crores of Rs. | Index Number 1890-94 = 100 | |||
| (1) 1900 ... 1901 ... 1902 ... 1903 ... 1904 ... 1905 ... 1906 ... 1907 ... 1908 ... | (2) 134 150 143 147 152 164 185 190 181 | (3) 103 115 109 113 116 126 142 145 139 | (4) 126 120 115 111 110 120 134 138 147 | (5) 103 98 96 97 100 100 107 113 104 |
- The figures for the following tables are taken, unless otherwise stated, from the Report of the Price Inquiry Committee, Calcutta, 1914.