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Because Our Currency Is So Cheap!

By on Nov 20, 2012 | 3 comments

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Last year, on my ‘Once In A Lifetime‘ trip to Israel, I met amazing bloggers from various parts of the world. Travel blogging is super exciting, but it’s not just as easy as it looks. These travel bloggers would blog about their journey to different parts of the world and then earn money through sponsors. My friend Eunice (she runs Travelerfolio, #1 travel blog in Singapore) even gets invited by various luxury hotels and airlines to travel and most of her stay is sponsored.

On a few trips I’ve done out of India – I’ve seen several people from ‘developed’ countries traveling to various countries. The biggest advantage they have – their currency is strong and that makes the whole travel business a lot cheaper for them.

For us, most of the travel worthy countries have their currencies very pricey. That prevents most of the Indians from traveling abroad and the most ‘convenient’ way for us to travel abroad is to do ‘MS’ or ‘Onsite opportunity’. But that keeps most of us limited to just one or two countries.

I wish Indian rupee gets some weight in the International markets. I want more Indians to travel all over the world (and come back to India). Maybe my dream will come true in the next 5 years.



3 Comments

  1. Issue

    November 24, 2012

    Post a Reply

    The author agrees seldom with his own views. I too agree! :p

    Talking about this post, Indian rupee should be strong, no doubt. But look at this example, A man used to earn INR 2 as salary some 60 years ago… and could do well (all groceries+daily needs etc in INR 1.5/ month) Now you get a salary of INR 80,000/- and you can still save as much as INR 20,000. I think the ratio of Income/ inflation has remained same and will always remain same.

    My cousin in California buys 3 big loafs of bread for $1. If you compare, In India also we buy it for same price say roughly INR 55.

    Isn’t the ratio same, irrespective of space and time? What do you think?

    • J

      November 26, 2012

      Post a Reply

      Expenditure wise we are on the same level as you showed: Bread = US (1$) = India(Rs.55). But income wise are we on the same page! Take the amount you mentioned(that not everybody around here earn.) India (Rs. 80,000/month) = US (~1500$/month). Really!!! Your cousin earn only 1500$/month. I don’t think so. There is the difference, author, I guess is talking about.

    • Aniruddha Barapatre

      December 1, 2012

      Post a Reply

      That’s the type of argument I dislike being thrown in the air…
      It’s high time we should stop competing…Just because people from other countries spend a certain amount on some stuff doesn’t mean we follow the suit. It all boils down to the purchasing power of an individual and that largely depends on income and inflation.

      People in US earn a lot more than in INDIA…So stop comparing.
      Unless we get the Rupee stronger and a better government, we can throw in as much money as we want in air and feel good about it, but it’s not going to help us…

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