Finance, Forex and Investments

Comparative Economy of India?

How's the economy in India? Like could a slightly above average earning american person move there and live well?

Public Comments

1. Both the economies have their own advantages and disadvantages. In India, unlike America, the parallel economy runs. That is out side the banking channels. Most form of transactions by the common man is through cash system. Here the use of credit card is very minimal, unlike America. In India, people earn and spend, which is reverse in America. People in India give more importance to savings and more worried about future, since there is no sufficient government sponsored social security. However, slightly average earning American can lead a semi-luxurious life in India.