They do indeed have a lower cost of living, roughly 1/5 of an Americans, and almost 1/8th of a British person.
When Indians all expect to have 13000BTU air conditioners in their houses, all expect to have luxury SUV's, high-speed broadband with $2,000 laptops and $4,000 desktops and maybe a few cheaper ones for the kids (if they don't play video games) and maybe a few games consoles (because all kids play some sort of video games), and don't forget the $600 cell phones with $3000 contracts . . .
Of course their cost of living is cheaper, people there actually walk to their work. I've never seen a person in economic problems walk to their work in a western country, despite it saving them almost two hours wages a day.
When Indians all expect to have 13000BTU air conditioners in their houses, all expect to have luxury SUV's, high-speed broadband with $2,000 laptops and $4,000 desktops and maybe a few cheaper ones for the kids (if they don't play video games) and maybe a few games consoles (because all kids play some sort of video games), and don't forget the $600 cell phones with $3000 contracts . . .
Of course their cost of living is cheaper, people there actually walk to their work. I've never seen a person in economic problems walk to their work in a western country, despite it saving them almost two hours wages a day.