4 ms·
> I'd guess lots of them living in very cramped shared living spaces Yes, this primarily + no eating outside, no car, entertainment, no family expenses etc., T
by vishnugupta 2y ago
> I'd guess lots of them living in very cramped shared living spaces
Yes, this primarily + no eating outside, no car, entertainment, no family expenses etc., To answer larger question USD-INR difference is how they make most money. Wages in India are so low that even 1/5th of US wage is near top 5-10% in India. For similar reasons lot of Indians move to Dubai and Gulf region to build a decent wealth in 4-5 years. I think India ranks near the top w.r.t. inward remittance [1], ~$125B in 2023.
Fun story; my manager at FAANG told me how it's common to open a head count in the US and close it soon citing not being able to hire and open 4-6 heads counts in India for the same budget. That should give you some idea about wage and currency disparity.
[1] https://static.pib.gov.in/WriteReadData/specificdocs/documents/2023/dec/doc20231219290501.pdf https://static.pib.gov.in/WriteReadData/specificdocs/documen...