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The world in six market places

Source : BUSINESS_STANDARD
Last Updated: Sat, Apr 20, 2013 05:32 hrs

Move over Big Mac Index - The Economist's informal index for gauging purchasing power parity across geographies, based on McDonald's burgers. Instead, sample something a little more complex. Deutsche Bank's 'The Random Walk - Mapping the World's Prices 2013' report.

"This is a simple survey of prices and price indices of a wide array of goods and services from around the world," writes Deutsche Bank's global strategist Sanjeev Sanyal. "India remains the cheapest major economy in the world with a weaker exchange rate compensating for higher inflation."



India may be the cheapest place for romantic dates, but the Indian prices for pizzas, sport shoes, Apple products, cars and petrol, are a bit of an aberration. (Click here for detail story)

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