If one is earning Rs. 23.34 lakhs per annum in India, it is the equivalent of earning of $ 1 lakh annually in the US based on PPP (go through the slide to understand how it works).
Anyone who earns Rs. 66 lakhs per year in India is thus in the top tier of US earnings (>$ 3 lakhs per year) and it makes no economic sense to relocate.
The intangible factors like clean roads, less pollution, great infrastructure etc. are ofcourse not considered in the above calculation but equally enough so are the benefits of staying-on closer home like being closer to family, having access to everything that our own country has to offer like domestic helps, food-cultural choices etc.
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Yes it's certainly true and comparison is very good indicator. The problem is how many get that salary of 24lacs take home. GM level and above. In India 3% population at max. While starting salary in US is min 75k$ for skilled folks.
Now flip side why it makes sense to shift:
There are some other factors to be considered.
1. US unemployment rate is 4% gen. Present situation is exceptional. Much higher unemployment here.
2. Social Security.
3. Taxes get you better facilities when compared with most countries around.
4. Corruption at lower level of govt admin.
That's why a beeline and the good rush to US.
But gradually it will make better sense to be in India than immigrate.
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