Every year, The Economist, London, publishes the Big Mac Index, a light-hearted computation of how overvalued or not a currency is, based on the price of a McDonald’s hamburger. It’s another way of looking at the theory of purchasing-power parity (PPP), which says that exchange rates should equalise the price of a basket of goods in any two countries. In other words, in dollar terms,the price of a Big Mac should be the same everywhere.
But India doesn’t figure on the Big Mac Index although Pakistan and Sri Lanka do. Why?
# Because there aren’t too many McDonald’s outlets in India?
# Because McDonald’s isn’t doing too well in India despite its trade-marking the AlooTikki?
# Because our per capita consumption of Big Macs is too low to register on the Richter scale?
# Because not too many Indians know that a hamburger isn’t made of pork?
# Because The Economist doesn’t want to insult vegetarians in the world’s largest democracy?
# Because its correspondent is on leave?
uoıʇɹodɹoɔ s,plɐuopɔɯ ǝɥʇ ɟo ʞɹɐɯǝpɐɹʇ pǝɹǝʇsıƃǝɹ ɐ ʇǝʎ puɐ pooƃ ʎpoolq ʇnq ʎʇɹıp ‘ʎsɐǝɹƃ ‘uɐıpuı :ıʞʞıʇ oolɐ sı ıʞʞıʇ oolɐ ˙uıɐʇıɹq ǝpısʇno ǝɹoɯ sllǝs ʇɐɥʇ ɹǝdɐdsʍǝu ʎlʞǝǝʍ ɥsıʇıɹq ɐ sı ʇsıɯouoɔǝ ǝɥʇ ˙ʎɐʍ ʇɐɥʇ ʇı dǝǝʞ uɐɔ ʎǝɥʇ puɐ uoıʇɐɹodɹoɔ s,plɐuopɔɯ ǝɥʇ ɟo ʞɹɐɯǝpɐɹʇ pǝɹǝʇsıƃǝɹ ǝɥʇ sı s,plɐuopɔɯ
Cross-posted on Kosambari
Some of my Indian friends eat pork but not beef. Others from another part of India are vegetarians.
Which would mean no Big Macs or Whoppers in those areas.
hey thats cool how did you do that?
That’s because the classic Big Mac Burger isn’t sold in India!
Because Darshinis overtake MAC’s .
our Idlis are Big Macs ..Rava Idlis are Super Size me and our Dosae is Pancakes .
Who the hell cares for the Big Mac in India. So why should the Economist care.
Kidhar hai aap!
Indian restaurants or chains are going strong: Kailash Parbat, K.C. Das, Rajdhani, Gayatri Tiffin Room, Vidyarthi Bhavan, Vithal Bhelwala, Annapoorna, Saravana Bhavan, Bukhara, Haveli, etc. Yum!