Originally posted by: Mahisa22
But cost of higher education in USA is 10 times more than in India. What about that?
They also have much much more Per Capita Income as compared to India.
The ten times more comparison is unfair because of the 1$ = 71INR conversion rates. So the ten times more thing that you mentioned is a mere fallacy. It's like reading in the newspaper that "this IT fellow got crores package in US". This is wrong because it much be a huge in our economy because of 1$=71INR but if those crores are converted to US dollars then we'll understand they're being paid peanuts as compared to their US counterparts.
They're the #1 economy. You can say India is #3 but that's just a fallacy. India is #3 economy with respect to PPP(Purchasing Power Parity).
US is a 21 Trillion $ economy while India is a mere 3 Trillion $ economy.
Now US has #10 highest per capita incomes in the world while India ranks at #139!
Do you see the difference?
Mahisa please research a bit more. I've done these same mistakes in the past, believing half-baked facts and it has cost me my US college applications. Please do proper research before dishing out incomplete information.