Moving back to India 🇮🇳 from Canada 🇨🇦 ? | Reverse Immigration | Purchasing Power Parity
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- เผยแพร่เมื่อ 6 ต.ค. 2024
- Stay in Canada or Go Back to India? 🇨🇦🇮🇳
Are you torn between staying in Canada or returning to India? Let's dive into the concept of Purchasing Power Parity (PPP) to help you make an informed decision! 💡
💸 What is Purchasing Power Parity?
PPP is a theory that suggests exchange rates between countries' currencies should stabilize at the rate that equalizes the prices of an identical basket of goods and services in both countries.
🌟 Why Does It Matter?
Understanding PPP is crucial when comparing living standards and costs between different countries. It helps us assess how far our money can go in terms of purchasing goods and services.
📊 Earning in Canada vs. India: The Money Saving Advantage
One of the key takeaways from PPP is how earning in a stronger currency, like the Canadian dollar (CAD), can significantly increase your purchasing power compared to earning in Indian rupees (INR). This means you can save more money or enjoy a higher standard of living in Canada.
💡 Tips for Financial Planning
Consider the cost of living in both countries, including housing, healthcare, education, and daily expenses.
Factor in currency exchange rates and potential fluctuations.
Explore investment opportunities and tax implications in each country.
🚀 Make Informed Choices
Ultimately, the decision to stay in Canada or return to India depends on various factors including career opportunities, personal preferences, and financial goals. By understanding PPP and considering these factors, you can make informed choices that align with your aspirations.
#PurchasingPowerParity #CanadaVsIndia #FinancialPlanning #MoneyMatters #ExpatriateLife #CurrencyExchange #InvestmentInsights #GlobalLiving #DecisionMaking #SmartChoices #SaveSmart #livewell
[ purchasing power parity, Canada, India, financial planning, saving money, currency exchange, investment insights, global living, decision-making, smart choices, and living well ]
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Permanently moving back to India 🇮🇳😌 this year
Wrong comparison. A person with Rs 50000 per month can live far better life in india than with $2660 per month in Canada
Valid for only people coming back after 5-6 years and substantial savings...You can elevate your lifestyle in India otherwise with high taxation, costly homes, costly groceries...otherwise for similar salaries......Life in India >> Life in Canada....A trip to India once a year easily costs 5-6 lakhs...So 3 months savings gone
Exactly
Person earning 200,000 per month (pre taxes) in India can easily save 50% of their income even in tier 1 cities, and maybe up to 65% if single, while living a very comfortable lifestyle. This comparison makes no sense. 🤡
VERY TRUE , i was in canada from 2017 to 2022 , moved back to india , whatever money i saved and got some from my family , i did my cpl , and now i am a earning around 2 lakhs 16 thousand in hand , i am a single mother child , so it's me and my mum ! Our rent is 40k in delhi , grocery , housekeep , miscellaneous , maximum 70k , rest I save or and some in SIP and did i mention I AM MUCH MORE HAPPIER ? HOME COOKED MEALS? NO PRICE ON THAT !
the first fact is wrong in India we will save much more than 20%.
I returned India permenntly from Australia on 29th April. Canada and Australia is good for labours not for educated professionals, they can do far better in India.
TRUE
Fake analysis no savings in western countries Sardar je
I left Canada 😂
I think 200000 means you must be in a company and highly paid and 40 % taxed
Who will tell that you are not gonna get the same pakage in both countries, since in canada you have more expenses, companies pay you more but india is cheaper so pay is changed according.
Can someone please help me better understand the currency, as he has ₹;50,000 INR to $2,662 CAD. That isn't correct is it??? 0:26
Ur comparison makes nosense
😂😂😂
Lassi pi le gyani