Value of 500 Rupees for different people in India...

Industrial products cost same at all places. It is human labor costs which will give some services and manual made products in some areas cheaper.. But these are now reducing considerably.

Let's speak about daily and dire necessities. Industrial products may not be need of a slum dweller.

Cost or values are directly popoationate to availability and area where these produced. A villager comes to cities knowing very well the goods will be costlier but he hopes to earn better.

True. When the demand and supply are imbalanced, cost increases and the value of money reduces. It is true in all places irrespective of the location of the place.

That's what I wanted to say when you mentioned Mumbai and remote villages. Things will not be available at same rates in metros and smaller towns

The names like Mumbai are mentioned to indicate places which are said to be costlier.

That makes no difference whether its Mumbai or Delhi, the cost, supply and availability is directly proportionate  to availability of jobs and income of the area. The cost factor does not differentiate with slum dwellers or people living in big residential societies in a particular area.

But this makes a big difference. Farmers in remote villages who use farming methods without depending on the the cost aspects of chemicals and pesticides and depend on natural manuring methods. For such people the value Rs. 500 is more.

rambabu wrote:

But this makes a big difference. Farmers in remote villages who use farming methods without depending on the the cost aspects of chemicals and pesticides and depend on natural manuring methods. For such people the value Rs. 500 is more.

 

We all have agreed to the point that 500 means a lot so there is nothing much left to discuss about that.