Australia has a GDP per capita of $48,700 as of 2020, while in India, the GDP per capita is $6,100 as of 2020.
India has total wealth more than France, Canada, Australia and Italy while the US and China top the list of the wealthiest countries in the world, says a report by New World Wealth. India is world's sixth wealthiest country with total wealth of $8,230 billion, according to a report by New World Wealth.
The statement indicates that the cost of living in Australia is significantly more expensive than in India. Specifically, it states that the average cost of living in Australia is $1947, while in India, it is $416. This means that the cost of living in Australia is 368% more expensive than in India.
India is 72.3% cheaper than Australia.
Both are members of the Commonwealth of Nations, and share political, economic, security, lingual and sporting ties. Besides strong trading & migration, culture, arts, music, commercial & international sports like cricket, tennis, badminton have emerged as a strong cultural connection between the two nations.
Several factors make Australia a popular place for Indians to migrate. Firstly, the immigration policies of the country make it easy for students to gain education and work opportunities there. Secondly, the Australian education system, lifestyle, and medical facilities are primary factors in moving to this country.
Lingual diversity. While staying in Australia, you explore international exposure with the world's highest proportion of immigrants, over 200 languages and dialects being spoken in Australia. Languages from almost all the regions are widely spoken in Australia, making it one of the world's most diverse nations.
According to the report, Bermuda is the world's most expensive place to live. Switzerland ranks second on the list (and it's definitely not the only European country), followed by new entrant the Cayman Islands, Bahamas, and Barbados.
Average salary of an employee in Australia is ₹30lakhs.
Housing cost of living comparison
The most expensive place for housing in Australia is Sydney.
Victoria, the southernmost state in mainland Australia is the most popular place for Indian expats to make their home.
Which are the top cities in Australia for Indian students? The top five cities for Indians in Australia are Melbourne, Sydney, Brisbane, Canberra, Perth and Adelaide. They house the best educational universities and offer the experience of a bustling cosmopolitan.
Lower cost of living
The cost of living in India is quite low and favors people from all economic classes. If you are struggling with bills and other expenses, moving to India will help protect your bank account. You will love how easy it is to afford housing in India.
Australia is a highly developed country with a mixed economy. As of 2023, Australia was the 13th-largest national economy by nominal GDP (gross domestic product), the 19th-largest by PPP-adjusted GDP, and was the 20th-largest goods exporter and 24th-largest goods importer.
Australia has plentiful supplies of natural resources, including the second largest accessible reserves of iron ore in the world, the fifth largest reserves of coal and significant gas resources. For a long time, commodities have made up a sizeable share of our exports.
The most common sectors for employment in Australia include healthcare, hospitality, education, engineering, IT, and manufacturing. To work in Australia, Indians need a valid work visa such as a skilled worker visa or temporary work visa.
The Visitor visa allows you to visit Australia, either for tourism or business purposes. It is open to all nationalities. Generally, a period of stay of up to three months is granted, but up to 12 months may be granted in certain circumstances.
The Finder survey which asked 1000 people what it took to be rich and found that earning $336,516 per year was the magic number. In Australia, $52,338 is the median personal income, according to the Australian Bureau of Statistics.
Australians are the richest people in the world, with a median wealth three times that of the average American, a new report has shown.
Living in Australia for Indian
If you are immigrating to Australia from India, you will definitely find much better infrastructure, job opportunities, career growth, and wages here compared to India. It's not just the career growth you get here as an Indian; it's about the complete 360 degrees change in life.
India is one of Australia's most important trading partners, currently our seventh largest, and our economies are highly complementary. Australian resources and other commodities such as wool and cotton are important inputs that drive Indian industry.
Besides India mainly focuses on knowledge-based on books, learning in India is not that practical. The entire concept of education mainly where is in both the countries. basically an Australian student will first do the concepts practically and then they will focus on the theory part.