Quote:
Originally Posted by ash7979
Thats why UK is a developed country & Indian is developing ( And will remain developing for next 100 years)...In UK 1200 Pound is the minimum wages & in india there is no definition for minimum wages, thats why Developed countries don't have Slums, but Developing countries does have....
And its foolish thing to compare UK (having population 6 Cr) to India (having Population 100Cr)...Do you think that Minimum Wage in Huge country like India is Possible???? Go to Bihar or UP & see there PPls are not able to earn even 3000 Rs/month (around 40 Pound) where as in UK 40 Pound is the minimum daily wage...that's why they come to mumbai & live in Slums...So Talking about these issue looks great on internet forum, but not at all Practical in India....
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Point taken, Ashish. You did miss out one crucial point though: Everything changes if you focus only on Indian metros. Life in urban Indian metros is dramatically different from life in the rural hinterland, in terms of wages, facilities, infrastructure, job opportunity, etc.
Indian metros can and should be benchmarked against other metros around the world. Even in the so-called developed countries, urban standard of life is dramatically different from the rural standard of life. Heck, our urban real estate prices are as much as they are in other international metros.
You talk about Bihar and UP's average wage. Yes, that is true. But that is EXACTLY the reason why Biharis and UPites and people from all over rural India are migrating to the cities. In this RE forum, by the way, why do you only see sub-forums for Mumbai, Pune, Bangalor, Delhi, Chennai, etc? Why don't you see forums for Jaunpur, Aligarh, Jhumri-talaiyya, etc? What is the point of talking about Bihar's per capita income when we are ALL city dwellers? That is a complete different universe that has absolutely nothing to do with our daily existence or with the RE prices in metros or how much our maid charges or even the price of vegetables. Even as far as vegetables are concerned, all the money is being made in the cities by the middle-men and traders. The farmers in the villages are still living in their own stagnant universe. The price increase in vegetables has made hardly any difference to them.
One more thing: Why do we always compare ourselves with the really advanced countries like US, UK, Germany, etc? It is a pointless exercise as the disparity is so huge. However, it DOES make sense to compare ourselves with other economies similar to us in terms of population, growth, economic size and development. Why don't we ever compare ourselves to a Brazil or Russia or China or Turkey or Malaysia or Indonesia or Ukraine or Argentina, for example?
Man, we can compare ourselves with Brunei that is floating in oil and where nobody pays any taxes, and we will never manage to reach that level (in the next 50 years). We can use any ridiculous example and say that "we will never get there in 100 years". That's such an easy thing to say.