It is not possible to have any one set standard since it differs from place to place and also depends on our life style...But it is definitely cheaper than in European countries !
There is no fixed cost of living in India or any other country. The more one earns, the more he needs to sustain himself and his family. The less one earns, they manage okay with little.
Living cost in India is differ for person to person and area to area. Here cost of living for one day for a person may be 20RS and for other person it may be 2000Rs.
Cost of living in India is calculated on the basis of 2009 price index. Whatever be the market condition, cost of living index should always be equals to 1.
There is no proper/standard answer for this question unless you put it specifically. Our government thinks that a person can manage his family for 28/in rural and 33/ in urban area.
