That's the equivalent of $50000 in Purchasing Power; so it's not as bad. Although to be fair, a lot of commodities appear to cost a lot more in India, because t

That's the equivalent of $50000 in Purchasing Power; so it's not as bad. Although to be fair, a lot of commodities appear to cost a lot more in India, because they are tied (legally or otherwise) to the outside world (blame Indira and her kin!).