From Hindol Sengupta, Recasting India :
One day, faced with a full front-page ad for the iPhone 5 in my morning newspaper, I calculated that the average cost of an iPhone 5 in India would feed 1,654 people in the villages and 1,351 people in the cities.
(The average price of iPhone 5 is Rs 45,000. India's latest poverty line, according to the government committee headed by the economist Suresh Tendulkar in 2011, is at Rs 33.3 per day in urban areas and Rs 27.2 in rural areas; people who earn less than this are considered the poorest in the country and in dire need of government help. So, 45,000 / 33.3 = 1,351.35; and 45,000 / 27.2 = 1,654.41.)
In the first quarter of 2013, Apple scored a 400 percent rise in sales in India.
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Posted by: David Smith <david.smith.14916@gmail.com>
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