Thursday, June 12, 2014

Desi Discount


Below is the sparkling price difference in daily items that people in Indian cities consume with two most costliest cities of the world.
 
Item Tokyo Manhattan New Delhi
Movie Ticket $17.53 $13.99 $5.50
Lunch $15.00 $27.03 $13.20
Washing Machine $1,141.30 $1,001.08 $556.46
1 Kilo of Rice $8.61 $5.38 $2.93
Soft Drink $1.63 $1.68 $1.13
Dozen Eggs $5.47 $4.37 $1.96
Toothpaste $3.51 $4.11 $1.54
Women's Jeans $149.82 $76.06 $80.50
A Beer at the Bar $9.90 $8.64 $8.24
1 Kilo of Bananas  $5.21 $2.06 $0.82
Milk $2.67 $2.72 $1.08
Bread $7.66 $6.92 $1.90
Dry Cleaning  $7.62 $7.76 $2.90
Women's Haircut $77.07 $82.78 $22.87

The difference between the prices of these commodities/services is huge but still Indians consider these as costly.

The main reason behind this is the difference in earnings of the people of India and these cities. People in New York and Tokyo consuming these items still find them manageable/middle class but here in India these items are considered for higher income group.

Saturday, June 7, 2014

Blogger's Confession

No matter how many blogs you read and go through, you will always find a post mentioning - "Oh its been long time, I missed my blog. Now I vow to write my thoughts regularly". Even I have one - http://dixitvarun.blogspot.in/2012/04/missing-my-blog.html. It is amusing.


Wednesday, June 4, 2014

Petrol/Gasoline Pricing in India


Here is an important piece of information that I found on web.

The below table shows how the price of petrol/gasoline is adding up and hitting consumers. A litre petrol which costs India Rs. 45.22 is actually selling at Rs. 71.41 to end consumers.