According to me, the average cost of living in Kerala(Trivandrum) for family is 30K.
Housing or Rent – (10500+1750(maintenance) 12250 Rs
School fees and Bus- (24000+10000 (yearly)) 2850 Rs
Food and Groceries – 3500Rs
Utility Bills, Cell Phone, Internet (gas 800rs, Electricity 450Rs,Cell phone recharge 130Rs,Internet-562Rs) -2000Rs
Clothing and Personal Upkeep- 1000Rs (Monthly average)
Entertainment – 2000Rs
Insurance – (Health- No insurance, Term insurance -1250rs Vehicle Insurance 6700Rs(yearly)) 1850Rs
Travel Expenses(Petrol and bus charges) 3000Rs
30k sounds really affordable for a family in trivandrum, this is almost the rentals of most apartments in mumbai
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Would be nice IF you mention why do you need this statistics so that people can give exactly what you need.
There few things i am trying to derive from this research
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Govt. provides free ration for 80 crore population – read hereP
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Inflation in India is still under 7%, whereas its 8 to 10% for all advanced countries. The actual felt inflation might be multifold higher
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The cost of energy itself has doubled in the last 10 years in India
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Yes people are getting more salary, but the level of expense has gone up beyond the salary increment
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Cost of education/higher education is pretty difficult to afford esp without student loans
When the Govt. claims that its helping more people now than before, i wanted to know if its true or not.
Are people improving their lifestyles or getting pushed down into debt.
Only if the minimum level required to run a family is derived, we can know if the DBT, MGNREGA, PMJDY are actually beneficial or not.
Otherwise our Govt. also will borrow more to spend on pensions, DA and will pass on that burden on the income tax payers
i think 3 lacs is needed for a family of 4 in a metro for upper middle class lifestyle.
For that look for GDP per capita (PPP). You will get an idea if the standard of living is improving or not
Yeah thats where the anomaly comes from. Percapita is around Rs9000 per month
Means 36000 per month for a family of four. 65% of the population lives in villages.
I think 36000 pm should be sufficient to survive in rural areas