indian economy forums

Dear fellow indians, India is having the more purchasing power as compare to other developed countries, but the prices of the goods like electronic items, cars etc are more in India as compare to another developed countries. Please answer to my question. Why ?

I think Marginal propensity of consumption has played a great role in rescuing our economy from the grim crisis.In urban areas there is a confidence of crisis and liquidity trap situation but their rural counterparts are still spending like past.that is why companies are focusing more on rural...