08-Apr-2013
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A survey conducted by Deutsche Bank compares the cost of a few commodities across countries and India has these commodities either priced the lowest or is among the lowest.
A survey conducted by Deutsche Bank compares the cost of a few commodities across countries and India has these commodities either priced the lowest or is among the lowest. Bread in Bombay costs Rs. 45 while in Tokyo and Paris would cost Rs. 480-490. A Mc Donald’s burger is Rs. 90 in India while 499 in Venezuela. A movie ticket is on an average Rs. 212 here but Rs. 3159 in Mexico. Even though this study shows that the cost of living in India is less than other countries, it does not take into account the purchasing power across all countries.
Source: www.economictimes.com, April 8, 2013. “the cheapest major economy: Pay less, live better”