Important context is that 40m is an incredibly huge sum of money in the context of immediately post-liberalization India. Our intuitions aren't set very well fo

Important context is that 40m is an incredibly huge sum of money in the context of immediately post-liberalization India. Our intuitions aren't set very well for the kind of explosive economic growth that Asian countries saw post-liberalization, and it's easy to extrapolate backwards too cautiously to the price level of the early 90s.