An American dollar can go quite far in South Asia. How far? A cost of living comparison of 125 nations worldwide finds India ranked number 125 with a consumer price index (CPI) of 24.85. For comparison, Switzerland ranked first with a CPI of 124.51.
Similarly, when the price of a McDonald’s combo meal is used as a benchmark, India ranks number 113 among 119 countries.The Indian price of $3.05* falls much closer to the lowest price of $2.56 (Philippines) than the highest price of $13.39 (Switzerland). Read more…
There is a joke in Kerala that every family donates one of its sons to the Gulf (read as the UAE). This would equally apply to Gujarat or Punjab. And after spending much time overseas, many non-resident Indians (NRIs) return to India to live their retired life. Read more..
Doesn’t it depend on the lifestyle to which you’ve got used and want to maintain?
Well for a simple “roti, kapda, makaan aur WiFi” life I guess Rs.1 crore is enough as you’ll get a decent amount of approx Rs.75,000 per month as interest if its put in fixed deposit in bank. Read more..