The living conditions of people in India, Cuba, North Korea and other countries

India: Considering the long-term development strategic goals, the Indian market is hugely attractive to foreign direct investment. However, due to the current low annual per capita GDP in India, only 450 US dollars, and serious polarization, Purchasing power and consumption levels are still at a relatively low level. For most consumer goods, especially high-end products and new technology products, the actual market size is not proportional to the population. Therefore, the attractiveness of the market size to foreign direct investment in the near future is relatively limited. The middle class in India accounts for a very low proportion of the population, and the high-consuming class mainly meets their daily needs through directly imported products, including some world-famous brands. For the vast majority of Indians, they can only afford very cheap daily necessities produced locally, and their consumption is not large. Some foreign-funded enterprises are facing operating difficulties due to the narrow product market. Several Chinese companies, including Konka, withdrew from the Indian market soon after entering the market. Cuba: The average salary in Cuba is approximately 300 pesos per month. At the official exchange rate, one peso is slightly larger than one dollar. If converted into RMB, it would be more than 2,000 yuan per month. This number seems acceptable. After asking around carefully, I suddenly realized that Cuba, like China, implemented a dual-track foreign exchange system. Foreign tourists can only use foreign exchange coupons, which exchange one dollar for one Cuban peso. In the private sector, one peso foreign exchange certificate can be exchanged for 25 Cuban pesos. The liquor displayed on the counter of the store is priced at 6 pesos. When foreigners buy it, they use foreign exchange coupons, while Cubans use Cuban pesos. Although it is the same price, foreigners actually pay 25 times more.

After clarifying the exchange rate relationship, let’s take a look at the living standards of Cubans. The average salary in Cuba is 300 pesos per month. If converted into US dollars, it is only 12 US dollars, which is unimaginably low. However, its purchasing power is much higher than $12. A shirt costs 20 pesos in the store and a pair of sneakers costs 30 pesos. Converted to U.S. dollars, it’s only about 1 U.S. dollar. Cubans are good at singing and dancing, and they probably have a special preference for audio equipment. The most expensive item in the store is a Philips stereo, priced at 900 pesos. It is equivalent to three months’ income of an average person. The "Samsung" brand refrigerator made in China costs 849 pesos, which seems a bit expensive. Cubans, like the Chinese before the reform, generally do not use refrigerators and eat as they go.

Cienfuegos is the third largest city in Cuba. In such a big city, there are only a few shops on the streets, there are no product advertisements, and there are not even a few shop signs. There is a pedestrian street in the city center, not to mention a "shopping street", because there is basically nothing to buy except handicraft souvenirs.

North Korea: The people of North Korea have been struggling in dire straits. In fact, North Korea's economy is in decline, the government's financial pressure is huge, the entire national economy is in chaos, and people's living standards are not optimistic at all

North Korea has always been the poorest in the world It is one of the countries whose poverty level is comparable to that of Haiti, which suffered an earthquake at the beginning of the year.

My friends who live near the border area between Northeast China and North Korea all know that near the border, we can exchange a box of matches with them for one. A bottle of wine shows the level of poverty in North Korea...

The society in North Korea is still very dark...Human trafficking often occurs in North Korea...

And Africa Compared with other countries, the living standards of the North Korean people are relatively better. North Korea is poorer than Mongolia, but compared with us, it is naturally far behind.