Latest news with #PurchasingPowerParity
Indian Express
4 days ago
- Business
- Indian Express
Why living in India feels ‘richer' for foreigners: US influencer explains purchasing power parity in viral video
Kristen Fischer, an American content creator based in New Delhi, has gone viral for breaking down why living in India feels more affordable and value-rich for many foreigners. Known for her videos documenting life in India, Fischer explained the concept of Purchasing Power Parity (PPP), a metric that compares the buying power of different currencies after adjusting for cost-of-living differences across countries. In the video, Fischer says, '$10 in the US might get you a simple meal, but the equivalent of $10 (Rs 800) in India could buy you several meals.' Highlighting how everyday expenses stretch further in India, she added, 'A haircut costing Rs 100 in India is equivalent to $40 in the US, meaning you could get 34 haircuts in India for the price of one in the US.' While acknowledging that salaries in the United States are generally higher, Fischer pointed out that so is the cost of living. 'Sure, incomes are higher in the USA, but everything costs more there, too. And yes, I know incomes in India are much lower, but so are the costs of goods and services,' she noted. Sharing the video, Fischer wrote: 'Too many responses about purchasing power made me make this video to explain it. Rupees in India stretch further than the relative dollars do in the USA.' Watch the viral video here: A post shared by Kristen Fischer (@kristenfischer3) Several social media users appreciated Fischer's insights on the topic. 'A truly enlightening explanation—beautifully articulated,' a user wrote. 'We never bought anything premium in US while in India we buy the best always,' another user commented. 'Good. Very neatly explained. That is the purchase power of India,' a third user reacted. 'So basically EARN in dollars and SPEND in ruppees is best way to live life,' a fourth user said.
Economic Times
4 days ago
- Business
- Economic Times
Viral Video Rupee vs Dollar: US woman proves Rs 800 beats $10 in real life; Internet calls it 'best explanation of PPP ever'
Kristen Fischer's video is creating buzz. It explains the rupee's value. She uses Purchasing Power Parity. This compares costs across countries. Her examples include food and haircuts. Many find her explanation clear. Viewers appreciate her positive view of India. Some dream of earning in dollars and spending in rupees. The video is sparking interest online. Tired of too many ads? Remove Ads 'Let's break it down': Kristen keeps it simple Tired of too many ads? Remove Ads Real-life examples: Food, haircuts, and more Internet reacts: 'Better than many economists!' Tired of too many ads? Remove Ads In a time when many are questioning how far their money really goes, a short Instagram video by American content creator Kristen Fischer has sparked a big conversation. With over 1.3 lakh views, her clip answers a common question: Is the Indian rupee actually better than the US dollar?Kristen, known for her simple and relatable content, explained the idea using real-life examples instead of boring financial jargon. And the internet loved who has been living outside the US for four years now, often mentions how affordable life in India is. But she says many people reply with comments like, 'You can't compare India and the US.'So, she breaks it introduces the idea of Purchasing Power Parity (PPP), which basically means how much things cost in one country versus another. 'One dollar and one rupee are not equal in value,' she says, 'but what matters is what they can buy locally.'And that's where the rupee of giving textbook definitions, Kristen talks about everyday stuff. 'If you have $10 in the US, that might get you one simple meal,' she explains. 'But Rs 800 in India (around $10) can get you several meals.'In her caption, she gives an even better comparison: the cost of a haircut.'In India, an average haircut is around Rs 100. In the US, it's $40 – that's Rs 3,400! So basically, you can get 34 haircuts in India for the cost of one in the US.'She also adds that while people in the US might earn more, they also spend a lot more on basics – making the rupee feel stronger within response to Kristen's video has been huge. Many said her simple way of explaining things helped them understand PPP for the first viewer commented, 'We never bought anything premium in the US, but in India, we always go for the best.' Another wrote, 'This is better than many economics lessons!'Others praised her constant love for India. 'You always say something positive about India – thank you, Kristen,' one user summed it up perfectly: 'Earning in dollars and spending in rupees – that's the real dream life.'Disclaimer: This article is based on a viral video and public commentary. ET does not independently endorse or offer any economic views or advice reflected in the content.
NDTV
4 days ago
- Business
- NDTV
Rupee Vs Dollar: US Woman Explains Why Living In India Feels Richer
Kristen Fischer, an American woman living in India, has sparked discussion with a video showcasing how the Indian rupee offers better domestic purchasing power than the US dollar. In her videos, Ms Fischer often shares about the affordability of life in India, but receives comments questioning the comparison between India and the US. To address this, she explained the concept of Purchasing Power Parity (PPP), using everyday examples that illustrate the rupee's value in India compared to the dollar's value in the US. Notably, PPP is an economic indicator that accounts for the cost-of-living differences between countries. It helps compare the value of currencies and living standards across nations. In the video, the influencer stated that $10 in the US might get you a simple meal, but the equivalent of $10 (Rs 800) in India could buy you several meals. She also noted that a haircut costing Rs 100 in India is equivalent to $40 in the US, meaning you could get 34 haircuts in India for the price of one in the US. MS Fischer further emphasised that while incomes may be higher in the US, the cost of living is also significantly higher. Meanwhile, India offers a more affordable lifestyle without compromising on the quality of life. "Too many responses about purchasing Power made me make this video to explain it. Rupees in India stretch further than the relative dollars do in the USA. Sure, incomes are higher in the USA, but everything costs more there, too. And yes, I know that incomes in India are much lower in India, but so are the costs of goods and services," she captioned the video. Watch the video here: View this post on Instagram A post shared by Kristen Fischer (@kristenfischer3) Her video resonated with many viewers, who praised her simple yet effective explanation of PPP. One user wrote, "So basically EARN in dollars and SPEND in ruppees is the best way to live life." Another commented, "A truly enlightening explanation—beautifully articulated." A third said, "You always have something positive to say about India, thank you Kristen." A fourth stated, "People dont understand its dollar colonisation. The day world stops using usd, US economy would halve. US prints money without any gold backing and yet there is no inflation because the world uses usd for trading."
Time of India
5 days ago
- Lifestyle
- Time of India
Viral Video Rupee vs Dollar: US woman proves Rs 800 beats $10 in real life; Internet calls it 'best explanation of PPP ever'
'Let's break it down': Kristen keeps it simple Live Events Real-life examples: Food, haircuts, and more Internet reacts: 'Better than many economists!' (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel In a time when many are questioning how far their money really goes, a short Instagram video by American content creator Kristen Fischer has sparked a big conversation. With over 1.3 lakh views, her clip answers a common question: Is the Indian rupee actually better than the US dollar?Kristen, known for her simple and relatable content, explained the idea using real-life examples instead of boring financial jargon. And the internet loved who has been living outside the US for four years now, often mentions how affordable life in India is. But she says many people reply with comments like, 'You can't compare India and the US.'So, she breaks it introduces the idea of Purchasing Power Parity (PPP), which basically means how much things cost in one country versus another. 'One dollar and one rupee are not equal in value,' she says, 'but what matters is what they can buy locally.'And that's where the rupee of giving textbook definitions, Kristen talks about everyday stuff. 'If you have $10 in the US, that might get you one simple meal,' she explains. 'But Rs 800 in India (around $10) can get you several meals.'In her caption, she gives an even better comparison: the cost of a haircut.'In India, an average haircut is around Rs 100. In the US, it's $40 – that's Rs 3,400! So basically, you can get 34 haircuts in India for the cost of one in the US.'She also adds that while people in the US might earn more, they also spend a lot more on basics – making the rupee feel stronger within response to Kristen's video has been huge. Many said her simple way of explaining things helped them understand PPP for the first viewer commented, 'We never bought anything premium in the US, but in India, we always go for the best.' Another wrote, 'This is better than many economics lessons!'Others praised her constant love for India. 'You always say something positive about India – thank you, Kristen,' one user summed it up perfectly: 'Earning in dollars and spending in rupees – that's the real dream life.'Disclaimer: This article is based on a viral video and public commentary. ET does not independently endorse or offer any economic views or advice reflected in the content.
India Today
12-06-2025
- Business
- India Today
Dollar dream vs reality: Why Rs 80 lakh in US salary not as big as it sounds
Have you ever felt tempted by the big paycheques your relatives or friends boast about after moving abroad? A recent LinkedIn post by a Shubham Chakraborty, an upcoming author, has sparked a fresh conversation about whether those impressive-sounding dollar salaries are really worth it when compared with life in wrote, "Next time your cousin/friend who has settled in the US says he makes Rs 80 lakhs a year, tell them you only need Rs 23 Lakhs to match their lifestyle in India. This is how Purchasing Power Parity (PPP) works." advertisementHe argued that one needs only Rs 23 Lakhs in India to match the lifestyle of someone earning Rs 80 Lakhs in the US, thanks to the concept of Purchasing Power Parity (PPP). This perspective challenges the common notion that higher salaries abroad automatically translate to a better PPP PPP is a method used by economists to compare what money can actually buy in different countries. Instead of just converting currencies using exchange rates, PPP looks at local costs, like rent, food, internet bills, and other everyday instance, PPP compares what you can buy for a certain amount of money in India versus what the same amount can get you elsewhere, like in the further wrote, "Many people don't think about PPP when considering job offers or moving to another country. But it can be helpful. For example, if you have two job offers - one for 30 Lakhs rupees in India and another for 80 Lakhs rupees in the US - PPP can help you compare them fairly."advertisementHe shared everyday comparisons to explain the idea. For instance, a restaurant meal costing Rs 300 in India would cost Rs 1,700 in the US, while internet bills might increase from Rs 700 to Rs 6,000. Similarly, rent for comparable housing can jump from Rs 50,000 to Rs 1.6 lakh. These comparisons reveal how costs can significantly vary, affecting the real value of a OF PPPWhile PPP offers valuable insights, Chakraborty acknowledged its limitations. He noted, "Developed countries often have better public services, technology, and opportunities. They may also offer better social security." Thus, while PPP is a helpful tool, it is not the sole consideration when evaluating job offers or contemplating moving concluded his post by saying that while PPP is a handy tool to understand real earnings, but it's not the only thing to think about. Before deciding to move abroad or pick a job offer, look at the full picture, including lifestyle, family needs, savings, and future goals.
