Indian philately has vast potential. India is among those countries which are releasing maximum number of stamps every year. In previous years there was a down trend in philately and number of philately stamp collectors was reduced. No recent official data of philatelists is available in the country but according to annual report of 2005 of department 1,43000 P.D.(Philately Deposit) accounts exists.
Recently due to many reasons, philately is getting its glory again. Because of downfall in previous years prices of Indian stamps were standstill, since 2007 a boom in prices could be seen. It is not due to popularization of noble hobby but due to hoarding and unethical practices.
In India, there is no established system of buying and selling stamps and other philatelic material. Philately bureau across the country are providing only recent issues and for old material stamp collectors should have to got to one or another dealer. These dealers are well connected and unite. The whole market is governed by a catalogue called guide book published by a private publisher. In this catalogue also prices are based on market (dealers). This catalogue is silent on many important philatelic material and guides that prices of rare material will be based on demand & supply.
We studied and analyzed prices of Indian stamps since 2006. For example year back of 1948, its price was 6275 Rs. in 2007 12100 Rs. in 2009 and 15200 Rs. in 2010 many more examples could be understood by this table.
The rise in prices was purely hypothetical & more than gold and shares. There was world wide recession during the period but prices hiked in philately without increase in umber of philatelists in the country. During the period there was no reason which positively affected philately globally.
This table shows more clearly hypothecation of prices. A MS which was selling in 125 Rs. in 2006, how can jump on 1500 Rs. in just 3 years without hoarding, on the other hand what were the reasons with 2004 Agra fort MS, why its price fluctuated?
Source of these tables are price lists of renound stamp dealers and they are charging 12% VAT also. They are charging much more on withdrawn issues openly & showing prices of banned material in these lists.
In India there is no monitoring of philately market, and dealers can fix, rise and decrease prices with own convenience.
In this era when even small offices and departments are online, in our country philately bureaus are not connected with internet. Connectivity will transparent the system existing PD account system can easily made centralized where applications received from bureau can be processed, it will end the delay in dispatch and scarcity, besides this still stamps are dumped in different bureaus and small post offices. An online booking system of philately material will not only be a good source of revenue for India Post but resolve problems of stamp collectors & decline the growing tendency of hoarding of philately material.
Commemorative Year Pack Complete Set