This great shrinkage in exchange caused considerable loss to the Indian government in remitting to Europe, and entailed hardship upon Anglo-Indians who received pensions or other payments in rupees, while on the other hand it supplied an artificial stimulus to the export trade by increasing the purchasing power of gold.
It would appear that the purchasing power of the inhabitants of India has increased of late years, and there is a growing demand for refined sugar, fostered by the circumstance that modern processes of manufacture can make a quality of sugar, broadly speaking, equal to sugar refined by animal charcoal, without using charcoal, and so the religious objections to the refined sugars of old days have been overcome.
Salted fish forms, along with boiled rice, one of the chief articles of food among the Burmese; and as the price of salted fish is gradually rising along with the prosperity and purchasing power of the population, this industry is on a very sound basis.
An authority on money inflation, he proposed that the purchasing power of the dollar be stabilized (see Dollar Stabilization).
Meantime, the purchasing power of the dollar which the railway company receives for a specified service is gradually growing smaller, owing to the general increases year by year in wages and in the cost of material.