INR Money Supply & Dilution Tracker

What is M3 Money Supply?

M3 (broad money) is the total amount of money circulating in the Indian economy. It includes currency held by the public, demand deposits in banks, time deposits, and other deposits with the RBI. When the government or RBI needs to fund spending, stimulus, or bail out institutions — they expand M3. Every time M3 grows, your existing rupees buy less.

Why Should You Care?

If you hold ₹1 lakh in savings and the total money supply doubles, your ₹1 lakh now commands roughly half the economic purchasing power it did before — even though the number in your bank account hasn't changed. This is monetary dilution, and it's the silent tax nobody votes on.

Since FY2000, India's M3 has grown from ~₹14 lakh crore to over ₹268 lakh crore. That's a 19x increase. Your rupee from the year 2000 is now worth about 5 paise in terms of its share of the total money pool.

The Charts

What Can You Do About It?

The traditional advice is to invest in assets that appreciate faster than money supply growth — real estate, equities, gold. But these all come with friction, middlemen, and government control.

This is one of the core reasons I've been building a case for BTC — a monetary system with a fixed supply cap of 21 million coins, where no central authority can print more to dilute your holdings.

Updating This Data

The data behind these charts lives in a simple JSON file. When new RBI data comes out, I just add a new entry and rebuild the site. No code changes needed.