Re: [nukkad] SEPTEMBER 22nd 2006

["Ravi Menon" <>]

In the normal circumstances, yes I agree its incorrect to compare in
rupees. But we are talking of a product that has a uniform price
across teh world in USD, i.e. crude oil.
The one variant in the process is the cost of labour to refine it. Of
course tehre are other factors like the cost of doing it safely as
against unsafe industrial practice in India.
However Dr TV if you consider teh global brands they tend to cost as
much in India as they do elsewhere. One example that springs to mind
is the price of a Subway sandwich. In Bombay I last paid 120 for a
sandwich which costs about the sme here in Qatar!
ravi


On 5/11/06, Tirumurti Vasudevan  wrote:
> a calculation simply based on the monetary value in rupees is bound to
> be misleading.
> though the currency exchange exists it is not useful in comparing.
> for example a cup of coffee costs 4rs in my town.
> what is it in USA UK and other places.
> i used to laugh when my mother told me a kg of vegetable costs so much
> in USA converting dollars into rupees.
> what is useful is the comparative worth of any commodity.
>
> tv
>
> ps:
> anyway, the GOI has kept the prices artificially inflated to keep the
> ever growing number of autos in check.
> most of it goes to GOI as taxes.
>
>
>
> On 5/11/06, Ravi Menon  wrote:
> --
> BE HAPPY! LIFE IS TOO SHORT TO BE UNHAPPY!
>


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Diplomacy is to do and say, the nastiest thing in the nicest way. 
-- Balfour
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