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Originally Posted by khanak  Everyone is busy complaining about how expensive a 3 Series or an Accord is in India. How important is that to 99% of the country? |
Agreed
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Originally Posted by khanak Compare the cost of living abroad and in India. I pay $2.75 each way to use the bus in Toronto. BEST has never made me pay for than Rs. 14. Look at the cost of vegetables, of oil, of things that 99% of India really wants and needs. I live fairly close to the airport and pay $40 for a cab to my home. Same thing in Mumbai isn't more than Rs. 250 ever. I pay 300 to get my car washed everyday by hand. I believe a single carwash in Toronto is around $10. |
The basis of comparison is flawed. You earn in dollars and you spend in dollars.... Simple! Now if Indian government wants us to believe that we are paying less for everything we get compared to the developed world... please pay us in dollars and we will spend the same for commodities as well. On second thoughts... how many times do you need to get your car washed in toronto as compared to India? I am sure it will work out cheaper in toronto still. :P
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Originally Posted by khanak Also, its not just about Tata and Mahindra but most industries in India that have really profited from protectionism. Do you think Big Bazaar or for that matter your local grocery store would be anywhere if it had to compete with Walmart from Day 1? Today Big Bazaar is in a position to compete with Walmart in India and thats what it is doing. Its not just these few companies here and there but almost every one of us that was into business in before the economy opened up was given a chance to prosper and develop ourselves during this period. |
Protecting the domestic industy is fair enough but for how long and for what? Whats the point of a domestic industry which still gives us inferiors products at cost far greater than foreign products which are infinitely better overall.... will the cosumer right be ever taken care off? This is exactly why we have concentrated wealth and nowhere else in the world do we have such huge disparity in social status and incomes.
Request to mods: Please dont close this thread.