Well, I am an NRI in UK and try to keep myself updated with the happenings in India via Rediff and other portals. On thing I have observed is that most of the manufacuted products be it clothing or food items or any thing from tooth paste to shoes, the prices of comodities in India as almost the same to the prices of the same items in UK.
Eg: you but lets say Heinz catchup for Rs 40-50/kg in India, the same quantity can be baught in UK for about 50-60 pence.
The thing of concern is that theis multinationals produce the items in India itself where labour and raw material is 100 times cheaper than what they pay to produce the same products in Europe or US.
Then why the Indian consumer is paying International price? These multinationals are going to grab the major chunk of retail market of India in coming years, will pay way less to the workers and ask the Indian consumers to pay almost the same price as their other international counterparts .
I may sound irrelavent in context of the article but this is a serious concern that I have and want others to start thinking and comparing the product prices of what they are buying in Inidan market
