BGR,
As for the prices of homes in India, I could quote you the price of a 2 bedroom apt in Bombay and even in the mess the real estate market is in India, it is Not possible for a young couple to buy a place. I am surprised that Calcutta is so much cheaper...I agree, cars are useless with the roads and congestion.
Also, I have trouble agreeing with you that a majority of families are the Dual income kind. I am sure that they would like to be, but don't believe that the job market is that large.
Anyway, we were talking( originally, anyway) about how many people can afford to buy computers in India over the next few years. India's pop is approx 900 Million. Assuming that the market in villages and rural areas is small ( easy assumtion: low income, still pretty poor education system), we can focus on the urban areas. I think you would agree that the urban areas would account for about 10-12% of the population. That gives us 100 million potential buyers. Of these, the majority are families ( avg 3 people/ family ). Since I don't expect that a family will own more than one computer, that gives us 30 million potential buyers. Once you take away the labourers and the substantial number of lower income families, that doesn't leave a whole lot of new computer buyers... Am I missing something?
Monish |
