Niku's Blog

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Here are two ways to look at a foreign salary -- the Catholic and the Protestant.

The first is characterised by a missionary zeal to convert using the rupees-multiplied-by-43.8-times formula ingrained in every self-respecting Indian head.

Which is how $110,000 achieves the headline-grabbing status of 'Rs 50 lakh!'

But, protests the economist, how far does that Rs 50 lakh go in a foreign land?

What you have to look at, then, is Purchasing Power Parity. The theory of purchasing power parity says that, in the long run, exchange rates should move towards rates that would equalise the prices of an identical basket of goods and services in any two countries.

Duh. Despite having acquired, at some point in life, a BA in Economics, I have no idea what that means. Purely in layman's terms, how much bang for the buck? Well, says the World Bank, $150,000 fetches you a Rs 50-lakh lifestyle if you reside in India.

In the US, the same $150,000 is actually equivalent to earning Rs 18.7 lakh. The Economist's famous 'Big Mac index' makes it easy to understand. A hamburger costs $2.90 in the US, but $1.10 in India. Take that, you dollar-earning desi!

Beyond economics,Of course, the real picture is far more complex. Despite what the Big Mac index might indicate, an 'upwardly mobile' lifestyle in India is more expensive.

If your family decides to have Kellogg's cornflakes for breakfast everyday in India, it will work out to about 4 boxes or Rs 500 a month.An American family, on the other hand, would spend about $20 a month for the same breakfast.

Given that a reasonably well-to-do Indian family earns Rs 50,000 a month, it spends 1% on its cornflakes! Whereas the reasonably well-to-do American family earning $5,000 a month spends only 0.4% from the mahine ka budget.That's way, way cheaper.

So despite being a supposedly 'poor' economy, we have higher relative prices -- dollar prices -- for many commonly consumed goods. Food and petrol, in particular.Although, conversely, we can afford bais and drivers, dry cleaning and nice haircuts. There is always a trade-off! 

Living like a desi,How much dosh you have stashed away in the bank depends on how you choose to live. If you are earning a dollar/ pound salary and your objective is to 'save', you live an Indian lifestyle in a foreign land. This means eating mostly at home/ shopping at Kmart/ Wal-mart; thinking 10 times before making an impulse buy (out pops the conversion calculator: 'I can get this cheaper in India. Forget it!')

This is an attitude typical of the just-set-foot-on-foreign- shore worker, especially on an H1-B visa. And there's nothing wrong with it. Four-five dudes share a cramped apartment, live frugally and save a pretty packet by the time they head back home.

And even though they may have lived in what the Chicago or London native might consider as Mira Road and eaten at  the US equivalent of Udipi joints, the experience of living in the First World is reward enough the first-timer. Clean air, wide roads, 'systems' that seem to work.

But, should s/he decide to stay on longer, the immigrant  will be tempted to buy in to the host country's way of life. You shop to 'feel good' about yourself and, eventually, being the thriftiest shopper in town loses its charm.

So one fine day you decide to buy the Polo shirt costing $100, even if your mom thinks you are crazy because you could buy five shirts for the same money back home. Earlier, you moved, geographically. Now, you have arrived, mentally.

That dollar salary will never feel quite as weighty again.

Resident Non-Indians

On the other hand, living in India -- even for the guy with the Rs 18 lakh salary -- has its own hidden cost.Money provides some insulation -- but the stress of working in First World conditions but living in Third World ones is inevitable. You can fiddle with a Blackberry [suit] in the backseat of an A/C chauffeur driven car.

But you are in Saki Naka, stuck in a trademark traffic jam, with a beggar tap-tapping furiously at your window.The airport -- which sees more of you early in the morning than your spouse does -- seriously sucks. As does the fact that a substantial portion of the taxes the government earns from you end up as employment guarantee scheme for politicians.

Par kya karen, yeh hai India. So we 'adjust', grin and bear it. At least we now have multiplexes and megamalls to hang out at, no?The hidden price,Of course, living abroad may result in a postcard perfect 'Big Picture'. But life is made up of a million little things. And, at that level, regrets remain.

A friend who has spent most of his post-IIT life in the US -- a good 12 to 15 years -- noted on a recent visit that he really enjoyed visiting Chinese restaurants in India. "Because you can taste the food," he said wryly. "Everything there is so bland... so American."

Another friend says she misses the sights and smells of the sabzi markets in India. "The veggies there are so fresh, it feels like abhi zameen se nikle hain." American tomatoes, she insists, are huge and red, but absolutely insipid.

On a more serious note, there's the issue of parents. Growing old and lonely, often not in the best of health. Move here, you insist. But they resist.

The world is a 'global village' where India is just a mouse click away.

You buy the folks a computer with a broadband connection.

And life goes on.

The economics of emigration

Is where you live about geography, or a state of mind?

Well-known journalist Thomas Friedman has just authored a new book on globalisation titled, The World is Flat:  A Brief History of the Twenty-first Century.

In an article in the The New York Times Sunday Magazine, he writes, 'Only 30 years ago, if you had a choice of being born a B student in Boston or a genius in Bangalore or Beijing, you probably would have chosen Boston, because a genius in Beijing or Bangalore could not really take advantage of his or her talent.'

Now, he argues, anyone with smarts, access to Google and a cheap wireless laptop can join the innovation fray. 'When the world is flat, you can innovate without having to emigrate.'

With all due respect to Friedman -- a brilliant writer with a mostly credible theory -- emigration will continue.

Despite anecdotal evidence exchanged at cocktail parties about young people who would rather stay back in India than go abroad, the fact remains that every Indian who enrols at Penn State or Sheffield University  is a potential immigrant.

The Japanese or Koreans are not.

The odd Westerner will make India his/ her home, often citing the warmth received from the Indian people.The majority of middle class Indians, given a chance, will make the West their home, despite the cold reception.

Suketu Mehta, in his scintillating book, Maximum City, analyses the situation as only an Indian can.

'Every summer, waves of Indians living overseas come back or send back little pictures: of their son in front of  the new 52-inch TV; their daughter sitting on the hood of the new mini van; the wife in the open-plan kitchen... the whole family laughing together in the small backyard pool, their 'bungalow' in the background.'

These pictures plant little time bombs in the minds of siblings left behind, he writes. 'They hold the pictures and look around their two-room flat in Mahim and, suddenly, the new sofa and 2-in-1 Akai stereo look cheap and shabby in comparison.'

Hope floats

In the 1980s and 1990s, the IITs were associated with 'brain drain'.

Now, reports of dollar salaries of IIM graduates hit the headlines. But the real story lies elsewhere.

These handful of graduates studying in near world class institutions will be in demand whether in India or abroad. There will be some initial heartburn -- bhala usko mujhse better paying job kaise mila -- but in the medium to long term, things usually even out.

And staying on in India -- where your company values you enough to put down a Rs 50-lakh deposit for a house in Napean Sea Road -- is a very smart option.

The real appeal of 'foreign' lies for those who graduate from the second and third rung institutes. Job mil jayega but not one with fast enough growth or large enough goodies.

Going abroad, for them, is the only means of achieving quick and easy economic salvation.

So, at great personal risk, they beg, borrow and pay their way into not-so-well known universities. And then fight for a job to recover the several lakhs 'invested'.

By and large, the strategy seems to work.

And dollar dreams will continue to pound in India's head.

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TRANSLATING WOMEN’S ENGLISH:
Yes = No
No = Yes
Maybe = No
We need = I want
I’m sorry = You’ll be sorry
We need to talk = I need to complain
Sure...go ahead = I don’t want you to
Is my butt fat? = Tell me I’m beautiful
Do what you want = You’ll pay for this later
I’m not upset = Of course I’m upset, you moron!
Are you listening to me?? = Too late, you’re dead
You have to learn to communicate = Just agree with me
Be romantic, turn out the lights = I have flabby thighs
You’re so.. manly = You need a shave and you sweat a lot
Do you love me? = I’m going to ask for something expensive
It’s your decision = The correct decision should be obvious by now
You’re certainly attentive tonight = Is sex all you ever think about??
I’ll be ready in a minute = Kick off your shoes and find a good game on TV
How much do you love me? = I did something today that you’re really not going to like

TRANSLATING MEN’S ENGLISH:
I’m hungry = I’m hungry
I’m sleepy = I’m sleepy
I’m tired = I’m tired
Nice dress = Nice cleavage!
I love you = Let’s have sex now
I’m bored = Do you want to have sex?
What’s wrong = I guess sex tonight is out of the question
I love you, too = Okay, I said it...we’d better have sex now!
May I have this dance? = I’d eventually like to have sex with you
Can I call you sometime? = I’d eventually like to have sex with you
Do you want to go to a movie? = I’d eventually like to have sex with you
Can I take you out to dinner? = I’d eventually like to have sex with you
Will you marry me? = I want to make it illegal for you to have sex with other guys
You look tense, let me give you a massage = I want to have sex with you in the next ten minutes
Let’s talk = I am trying to impress you by showing that I am a deep person and maybe then you’d like to have sex with me
I don’t think those shoes go with that outfit = I am gay

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Quiet Interesting

Here is the info how the name "Bug" used in Software Bug: A computer bug is an error or defect in computer hardware or software that causes the computer or the computer program to malfunction.

Do you know why defects in computer hardware/software are called as "Bug"?

Here goes the answer ->

The first computer bug is said to have been a moth that was found squashed between the points of an electromechanical relay in the Mark II computer in 1945. This moth caused the entire computer to shut down. When the moth was removed, it was affixed to the computer's log with a scribbled note that read, "First actual case of bug being found." When the computer operators removed the moth, they claimed to have "debugged" the computer, thus introducing the term "debugging a computer program." From then onwards, all software programming defects are also termed as "Bugs" By the way, this first bug is now housed in the National Museum of American History at the Smithsonian

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"Competitive Salary" - We remain competitive by paying less than our competitors.

"Join Our Fast Paced Company" - We have no time to train you.

"Casual Work Atmosphere" - We don't pay enough to expect that you will dress up.

"Must be Deadline Oriented" - You will be six months behind schedule on your first day.

"Some Overtime Required" - Some time each night, some time each weekend.

"Duties will Vary" - Anyone in the office can boss you around.

"Must have an Eye for Detail" - We have no quality control.

"Seeking Candidates with a Wide Variety of Experience" - You will need to replace three people who just left.

"Problem Solving Skills a Must" - You are walking into a company in perpetual chaos. Haven't heard a word from anyone out there. Your first task is to find out what is going on.

"Requires Team Leadership Skills" - You will have the responsibilities of a manager without the pay or respect.

"Good Communication Skills" - Management communicates poorly, so you have to figure out what they want and do it.

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A - ARISTOCRAT
B - BAGPIPER
C - CONTESSA
D - DIRECTOR SPECIAL
E - EIGHT PM
F - FUN DROP
G - GOD FATHER
H - HAYWARDS
I - IMPERIAL BLUE
J - JOHNY WALKER
K - KING FISHER
L - LIME DROP
M - MUGHAL MONARCH
N - NO.1
O - OLD MONK
P - PETER SCOTT
R - ROYAL STAG
S - SEA GRAM
T - TEACHERS
U - UB STRONG
V - VAT 69
X - XXX
Z - ZINGARO

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Interesting????.
********************
I couldnt' stop making this comparison..

inches of rain in new orleans due to hurricane katrina... 18
inches of rain in mumbai (July 27th).... 37.1

population of new orleans... 484,674
population of mumbai.... 12,622,500

deaths in new orleans within 48 hours of katrina...100
deaths in mumbai within 48hours of rain.. 37.

number of people to be evacuated in new orleans... entire city..wohh
number of people evacuated in mumbai...10,000

Cases of shooting and violence in new orleans...Countless
Cases of shooting and violence in mumbai.. NONE

Time taken for US army to reach new orleans... 48hours
Time taken for Indian army and navy to reach mumbai...12hours

status 48hours later...new orleans is still waiting for relief, army and
electricty
status 48hours later..mumbai is back on its feet and is business is as
usual

USA...world's most developed nation
India...third world country..

oopss...did i get the last fact wrong???

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