Move over Big Mac Index - The Economist's informal index for gauging purchasing power parity across geographies, based on McDonald's burgers. Instead, sample something a little more complex. Deutsche Bank's 'The Random Walk - Mapping the World's Prices 2013' report.
"This is a simple survey of prices and price indices of a wide array of goods and services from around the world," writes Deutsche Bank's global strategist Sanjeev Sanyal. "India remains the cheapest major economy in the world with a weaker exchange rate compensating for higher inflation."
India may be the cheapest place for romantic dates, but the Indian prices for pizzas, sport shoes, Apple products, cars and petrol, are a bit of an aberration. (Click here for detail story)
"This is a simple survey of prices and price indices of a wide array of goods and services from around the world," writes Deutsche Bank's global strategist Sanjeev Sanyal. "India remains the cheapest major economy in the world with a weaker exchange rate compensating for higher inflation."
India may be the cheapest place for romantic dates, but the Indian prices for pizzas, sport shoes, Apple products, cars and petrol, are a bit of an aberration. (Click here for detail story)