Well I think any thing above 30000 Rs was good income for Indians. But due to price hike now it would be great if Indian earns 35,000 Rs/month then it would be a easy life.
Live rates at 2008.06.06 10:25:13 UTC 35,000.00 INR = 818.332 USD 1 INR = 0.0233809 USD | 1 USD = 42.7699 INR http://www.xe.com/
When the average wage in Australia is around $50 000/year. Does that mean someone could work 1 year here and then live for 4 years in India not working at all? ( to make it easier, the person doesn't spend anythning during the year and has $50K at the end).
lol no. I have just been watching "30 days" a tv series with Morgan Spurlock. After he investigated outsourcing and daily life in India, it made me wonder how other countries like Aus and US can make so much more money and spend much more aswell.
Well... talking about the average income for the most of the indians is around Rs.10,000 may be or some less... this is not the reality that 30K or 40K this is only possible in the metro cities but larger population still lives in the smaller towns and their earning 10K is enough for living this is the ground reality of india
Very Right Said.. Some places in India people are still surviving in 5000 Rs.. But Money is the thing which u feel always less how much you earn..
Average monthly income of an Indian is around 10,000 INR ($240 to $250) as per current exchange rate IMO. DON.
Average is so hard to determine, because in india there are so many villages where people are poor! You just can't live in those place, we can't live in those place, so no point counting them anyway! a decent 40kINR [$1000] a month or 5 Lakh a year [$12000] a year is a good enough money for average Indian! Come to india and live, you can buy a decent house for a million dollar, or buy cheap housing board houses or flat if you wish! all depends on how you want to live! Remember, lots of billionears are from india! and indian economy is the 12th strongest economy, so that defeats a lot of europian countries for sure!! but again, there are a billion people too, and most of them poor, and they want to stay poor too so you can help them anyway! if you count them, and then say india is poor and you can live in india for 4 years or so, then i guess you are very much welcome and live in the village for X number of years and eat fresh food and become healthy and return to your country more healthy! after all villagers in india live over 90+ years pretty easily + disease free! Though you will lose all the money in tax when you step in india
Australia had a more uniform distribution of wealth than in India, I don't consider it anything to be proud of to "defeat" Europe or USA or whatever countries in terms of number of billionaires, I would be proud of the ability to defeat other countries in terms of the most uniform distribution of wealth where the majority of us are of middle class income.
I guess a lot depends on where you stay. Buying a condo or a decent 1000 sq feet flat in Mumbai would set you back by $500,000 odd. Then again, you can lead a decent life in smaller cities for $250 a month. The economic disparities in smaller towns and metros of Indian are pretty big indeed.!
Yes! In India you can see two types of life and both part of India looks different. Some places in India people hardly earn $250/month and some parts earn more than $10000/Month.
lol...nice discussion i wont go to make comments abt any1 else...will only say abt myself i am a 2nd yr engineering student and easily making 500-800$ per month alone. I dont live in any metro...i live in a city where my bank manager has never heard of PayPal.
australia has a far less people, so there is no point comparing! besides, i already mentioned that village people in india don't want to be rich, they are happy with what they have! am not saying that we are proud, that's a fact, and let it be! the guy said "average" so i mentioned that, it's just impossible to make out averages that way! OP just wanted to ask that 50k$ a year would take him how far in india, the answer is - it depends on how and where he wants to live! IF he wants to live where i live in, then he has to keep those 50k$ in bank and keep adding those every year and in the next 20 years he will have the money to buy a house and live in it! Note: This for buying a house in a good colony in a poor and backward place in india, try metro cities, may be 100 years of that income would get you to buy something that you can call a decent house!