In 1994-95, Fixed Deposit (FD) rates were roughly around 12-14% and the inflation was around 10%.

This meant that if you invested 100Rs in FD, it would become 102Rs next year (in real terms).

But since then, there has been a general decline in FD rates.

Now in 2022, the FD rates are 5.5-6% and inflation is touching 8%.

This means that if you invest 100 Rs in FD, it will become 98 Rs next year.

Inflationary politics has resulted in inflationary economics.

And, we have reached a point: where people will not fight to "grow" their money, they will fight to "preserve" what they have.

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Credits: Akshat Shrivastava