Tuesday, September 25, 2012

The Economist - Why do I love living in India?

I came across an interesting article today that I thought I would share with all of you.....and yet another interesting fact about India, my adopted homeland .......and I have found yet another reason why I enjoy living in India and am so fond of the country.

I am not sure what many of you will gather from this, but I can assure you that it made me realize that there are several places in the world that I wouldn't want to live in.....

I never thought that I would be influenced because of the price of a 500ml bottle of beer!

Here are the stats!

Daily chart

Thirsty work

Sep 24th 2012, 16:04 by The Economist online
How long does it take to afford a beer?
ON SEPTEMBER 22nd, the beer started flowing at Oktoberfest in Munich, an annual Bavarian beer festival which confusingly begins at the end of September. Last year, over the course of the 16-day event, visitors glugged 7.5m litres of beer, sold at an average princely price of €9 ($12.50) a litre, which is what a typical large stein holds. Germans love beer and down around 100 litres per person a year. Away from the Oktoberfest beer is readily affordable. Analysts at UBS, a Swiss bank, have calculated that it takes a German earning the national median wage just under seven minutes of work to purchase half a litre of beer at a retail outlet. At the bottom of the pint glass, low wages and high taxes mean that boozers in India must toil for nearly an hour before they have earned enough to quench their thirst.
Now here are some additional things to ponder......China and Nigeria have the lowest prices for a 500ml beer........I have been to China, but the beers I consumed were not cheap! I was obviously in the wrong place..............and Nigeria........not tops on my places in the world that i would want to live in.
Japan......$4.15 USD for the average price of a beer..........No Thank You......I'm not sure if i even want to visit the country!
Australia.......I have a friend from Australia........he drinks beer like a fish..........it is a good thing for his wallet that he lived in the USA, because at $3.70 USD per beer down under he would have never been able to afford his beer tab! He would have had to take a second mortgage out on his home.....it certainly is an eye opener for me I have a completely different perspective regarding "Beer and Barbie"!!...It is not a casual thing but almost the price of a gourmet meal with champagne!
Britain, Spain, Canada - All over $3.00 USD............nice places....but unless I got a substantial increase in salary, or stopped drinking beer altogether............I wouldn't want to live there.
ARGENTINA - out of all the places on the list...........the price is reasonable..........less than the USA's average price........and they have great wines also..............has potential
So next time you are asked......"If you could live anyplace you wanted to in the world, where would you choose?"..........what would your answer be?


Kavita Singh said...

Hi. I am MBA student. I want to talk to you regarding expat experience in India. Please provide me your email id, so that I get in touch with you.

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