India or the US: Fintech professional's social media post comparing living costs triggers debate

Given the craze for many Indians to migrate to the United States, the question of is life better in India or in the US has been a long-standing debate.

- GNS News Agency, May 28

A LinkedIn post by fintech professional Shivani Gera, for the same reason, has gone viral on social media. Gera wanted to say that if one was earning Rs.25 lakh per annum in India, that was like earning Rs.70 lakh to Rs.75 lakh in the US. Attributing this to purchasing power parity (PPP), she claimed this changed everything. “If you're earning Rs 25 LPA in India, that's like earning Rs 70-75 LPA in the US. It's due to Purchasing Power Parity (PPP) — and it changes everything. Because it’s not just what you earn, it’s what that money lets you afford,” she said.