Average salary in india in us dollars mac#

On a more serious note, there's the issue ofВ parents. 'The veggies there are so fresh, it feels like abhi zameen se nikle hain.'В American tomatoes, she insists, are huge and red, but absolutely insipid. so American.'ДЄnother friend says she misses the sights and smells of the sabzi markets in India. 'Because you can taste the food,' he said wryly. And, at that level, regrets remain.ДЄ friend who has spent most of his post-IIT life in the USВ - a good 12 to 15 yearsВ - noted on a recent visitВ that he really enjoyed visiting Chinese restaurants in India. But life is made up of a million little things. Of course, living abroad may result in a postcard perfect 'Big Picture'. So we 'adjust', grin and bear it.ДЄt least we now have multiplexes and megamalls to hang out at, no? As does the fact that a substantial portion of the taxes the government earns from you end up as employment guarantee schemeВ for politicians. The airport - which sees more of you early in the morning than your spouse doesВ - seriously sucks. You can fiddle with a Blackberry in the backseat of an A/C chauffeur driven car.Д«ut you are in Saki Naka, stuck in a trademark traffic jam, with a beggar tap-tapping furiously at your window. Money provides some insulationВ - but the stress of workingВ in First World conditionsВ but living in Third World ones is inevitable. On the other hand, living in IndiaВ - even for the guy with the Rs 18 lakh salaryВ - has its own hidden cost. That dollar salary will never feel quite as weighty again. So one fine day you decide to buy the Polo shirt costing $100, even if your mom thinks you are crazy because you could buyВ five shirts for the same money back home.

Clean air, wide roads, 'systems' that seem to work.Д«ut, should s/he decide to stay on longer, the immigrant will be tempted to buy in to the host country's way of life.В You shop to 'feel good' about yourself and, eventually, being the thriftiest shopper in town loses its charm. And there's nothing wrong with it.В Four-fiveВ dudes share a cramped apartment, live frugally and save a pretty packet by the time they head back home.ДЄnd even though they may have lived in what the Chicago or London native might consider as Mira Road and eaten at the US equivalent of Udipi joints, the experience of living in the First World is reward enough the first-timer.

This is an attitude typical of the just-set-foot-on-foreign-shore worker, especially on an H1-B visa.

This means eating mostly at home/ shopping at Kmart/ Wal-mart thinking 10 times before making an impulse buy (out pops the conversion calculator: 'I can get this cheaper in India. If you are earning a dollar/ pound salary and your objective is to 'save',В you live an Indian lifestyle in a foreign land. How much dosh you have stashed away in the bank depends on how you choose to live. So despite being a supposedly 'poor' economy, we have higher relative pricesВ - dollar pricesВ - for many commonly consumed goods.В Food and petrol, in particular.ДЄlthough, conversely, we can afford bais and drivers, dry cleaning and nice haircuts. Given that a reasonably well-to-do Indian family earns Rs 50,000 a month, it spends 1% on its cornflakes! Whereas the reasonably well-to-do American family earning $5,000 a month spends only 0.4% from the mahine ka budget. If your family decides to have Kellogg's cornflakes for breakfast everyday in India, it will work out to about 4 boxes or Rs 500 a month.ДЄn American family, on the other hand, would spend about $20 a month for the same breakfast.

Average salary in india in us dollars mac#

Despite what the Big Mac index might indicate, an 'upwardly mobile' lifestyle in India is more expensive. Of course, the real picture is farВ more complex. A hamburger costs $2.90 in the US, but $1.10 in India. The Economist's famous 'Big Mac index' makes it easy to understand. In the US, the same $150,000 is actually equivalent to earning Rs 18.7 lakh. Purely in layman's terms, how much bang for the buck?В Well, says the World Bank,В $150,000 fetches you a Rs 50-lakh lifestyleВ if you reside in India. Despite having acquired, at some point in life, a BA in Economics, I have no idea what that means. The theory of purchasing power parity says that, in the long run, exchange rates should move towards rates that would equalise the prices of an identical basket of goods and services in any two countries.Дuh. What you have to look at, then, is Purchasing Power Parity. Which is howВ $110,000 achieves the headline-grabbing status of 'Rs 50 lakh!'Д«ut, protests the economist, how far does that Rs 50 lakh go in a foreign land? The first is characterised by a missionary zeal to convert using the rupees-multiplied-by-43.8-times formula ingrained inВ every self-respecting Indian head. Here are two ways to look at a foreign salary - the Catholic and the Protestant.