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Q.

As per a survey report in a site no Indian city figure among the most expensive cities in the world (only Asian city in this list is Tokyo). Is it an indication that India is still cost effective and hence an ideal destination for foreign investment. Your views?

Tags: india, money, indian
Asked by Good Citizen, 18 Sep '12 07:31 pm
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Answers (4)

 
1.

1) This cost effectiveness of Indian cities comes at a price.
2) Indian cities cannot be compared qualitatively to the cities of the developed countries, cities of the Gulf countries, cities like Singapore, Hong Kong, Kuala Lumpur, Japanese and Chinese cities.
3) So the Indian cities look cheaper because of the cheaper quality, cheaper standard of life, creaking infrastructure, and lack of basic necessities like hygienic water, air, health facilities, food, accommodation, hotels and entertainment. When you enter Mumbai, the stink of open air defecation greets you immediately and you get the feeling that you would never want to return to the city once again. It is the same story in most of the big and small Indian cities with varying degree of difference only.
4) So I think that this kind of cheapness is not attractive for the quality conscious foreign investors.
Answered by Tony Fernandez, 18 Sep '12 10:27 pm

 
  
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2.

Yes ...India is a developing country and Indian cities are cost effective.
Answered by anantharaman, 18 Sep '12 09:30 pm

 
  
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3.

We can say so for foreign travel purpose
but not overall for ourselves
Answered by anil garg, 19 Sep '12 12:05 am

 
  
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4.

Foreign investment is not good for country why not encourage locals it will get morejobs and development of local products.
Answered by Ramesh Agarwal, 18 Sep '12 07:36 pm

 
  
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