
We all know that 20 years ago, the price of the petrol was close to around 40 INR a litre and it peaked to almost double before soothing a bit down to the current price of approx 71 INR a litre. Similarly, keeping the inflation in mind, it would be prudent to assume that 1 lakh INR now would value extremely less after 20 years.
Now just imagine that you are leading a retired life and sitting on a kitty of 1 crore INR. Today, you can...