It would be incorrect to directly convert the currency at market exchange rates. You need to use purchasing power parity or PPP rates which for India /US is done by a factor of 3. In other words the cost of the item is actually about Rs 80 which includes shipping which does not seem excessive. Who needs a banana cutter anyway. The same mistake is made by most people while assessing the poverty line. The UNDP poverty line is $1.25 per capita per day. Most people assume that this is about Rs 60 per day which is incorrect. It is actually Rs 20 per day. So the planning Commission figure of Rs 26 per day in rural areas is actually an improvement on the UNDP poverty line. Col Pavan Nair
On Sat, Dec 15, 2012 at 11:52 PM, Sarbajit Roy <sroy.mb@gmail.com> wrote:
My fellow IAC-ians
Tens of Thousands of Americans are queueing up at Amazon to buy a product which they think is the best thing since sliced bread was invented. Its priced at US$ 4.88 shipping included (thats about Rs. 250) for something which we in India can buy for under Rs. 20.
Americans though are not bothered about the price because of the function this little thing does (read through to the end to find out what).
IAC HIGHLY RECOMMENDS this product and suggests that we should legislate it into law for use on all corrupt politicians.
WARNING: As people in the US have choked to death while reading this link (make sure your mouth isn't full) while reading it.
NB: This is a genuine product being brought by real people and the reviews are also real.
Here's the link
http://www.amazon.com/gp/product/B0047E0EII
Sarbajit
National Convenor,
India Against Corruption., Jan Andolan.
WWW : http://indiaagainstcorruption.net.in
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