PHOTO: Meenal expressing herself in New York, November 2008.
Alright, I’m quite tipsy now. Can you repeat what you were saying. Oh yes, I remember now: the cost of living in New Delhi or Gurgaon is high and that makes sense. Something something New York something something. Your drink must be better than mine. Even in my current state of intoxication, hearing New York as justification or explanation for the cost of living in Delhi sounds like a stretch. Why?
Gross Metropolitan Product in 2008
- New York: $1466 Billion
- INDIA GDP in 2009: $1240 Billion***
- Boston: $338 Billion
- Mumbai (Bombay): $209 Billion
- Phoenix, Arizona: $200 Billion
- New Delhi: $167 Billion
Source: PricewaterhouseCoopers list of world cities economies
*** Shockingly, New York’s metropolitan product is more than all of India’s GDP. There’s a 9 fold difference in wealth between New Delhi and New York. But 2008 is dated. New York and America have suffered an economic ‘situation’ since. New Delhi and India, on the other hand, are growing at 5-10% per year. Fair enough, let’s fast forward …