This blog is written and owned by Saurabh Gupta
What matters more? Earning $5000/month in US or earning 50000 INR/month in India. Same job salaries are these only in US and India respectively. Theoretically speaking, these two salaries are one and the same as Price parity ratio between US Dollar and Indian rupee is 1:10. As long as you are earning in India and spending in Indian products this concept works fine but as you go and buy US companies' products, difference comes into picture. Sounds weird - Consider a simple example -
Levis 32'' jeans cost 2000/- in India and $40 in US. 4% of our monthly salary in India and less than 1% of our salary in US. Products like clothes, Electronic items are cheaper if bought by earning in dollars but does this mean that we should go to US to take advantage of this unfair conversion rates. Most of the people do that and I am not saying they are wrong or right. It is their personal choice and let them go with it.
I would like to make everything in India at 10000/- that US makes for $1000 and then the PPR concept will work fine. There might be products in Indian market that are made locally and are sold for 1/5th the rate as US product.
I would like to say that I am a fool if I am earning in INR and spending in dollars. Either move to US if you are dying to be called 'Made in US' or develop the same product in India at 1/5th rate and let people come to same standards. Solution is simple if we stop chasing west with unfair calculations or make them chase with fair calculations.
Levis 32'' jeans cost 2000/- in India and $40 in US. 4% of our monthly salary in India and less than 1% of our salary in US. Products like clothes, Electronic items are cheaper if bought by earning in dollars but does this mean that we should go to US to take advantage of this unfair conversion rates. Most of the people do that and I am not saying they are wrong or right. It is their personal choice and let them go with it.
I would like to make everything in India at 10000/- that US makes for $1000 and then the PPR concept will work fine. There might be products in Indian market that are made locally and are sold for 1/5th the rate as US product.
I would like to say that I am a fool if I am earning in INR and spending in dollars. Either move to US if you are dying to be called 'Made in US' or develop the same product in India at 1/5th rate and let people come to same standards. Solution is simple if we stop chasing west with unfair calculations or make them chase with fair calculations.
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