0:05 Retirement is one of the most important life decisions and for nris the big question is should you retire abroad or in India it's not just about cost but it also about lifestyle Health Care family and much more in this video we will dive into each category pros and cons practical insights and help you determine which place could be better for you so let's dive in first cost of living someone who
0:45 Wants to retire with kids grown up in India it might be around 50,000 to one lakh per month is the cost of living which is much much affordable compared to what you need to spend abroad at least oneir compared to the abroad so when you look at the rent groceries the overall cost of living India comes a way ahead compared to living abroad so we will give Four Points to India and two points living abroad now let's look at other category which is Healthcare within that I want to separate them into two different categories healthare their accessibility and cost so how easy is to get an appointment with a doctor availability to get a second opinion third opinion and also cost of getting a treatment done so for me it's
1:46 Much easier to get an appointment get a different opinions in India compared to Western World and also cost of treatment is much less expensive in India compared to abroad so I would give Four Points to India and two points to abroad now let's look at the another category of healthare which is the quality of the healthare in this you might have several hospitals in India but there is no standard procedure there is a difference in terms of quality you get from hospital one to hospital 2 which isn't the case when you are looking at the hospitals abroad the there is certain standard that you can expect there is a specific process that they follow which is in the case that's one thing if you're looking for advanced treatment I think Western offers much better options than what you have in India so I would
2:46 Give two points to India and four points to abroad now let's talk about the other category weather so in India you have several options mountains beaches cities it is a standard weather pretty much throughout the year but in a broad you can experience Four Seasons typically so depending on your preference you know you want to enjoy that Four Seasons you know if whether you like the cold there are options for the warm weather even in abroad but I think it it depends on you know what kind of weather patterns that you need so I'm neutral here I would give three points to India as well as three points to abroad when it comes to weather next luxury of life I think India offers luxury at affordable price so if
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3:48 You're looking for some domestic help or have someone cook for you or someone to take you around I think it's much much much affordable compared to doing lot of things on your own yes you can get it but it's very very unaffordable in abroad so if you're looking to have a quality of life from a luxury perspective I think India has lot to offer where you can have doctors come and visit your house you know lot of flexibility lot of options so from that perspective I would give Four Points to India and two points to abroad when it comes to luxury off life now let's talk about the other important one which is the traffic pollution infrastructure yes India is very crowded lots of traffic and you hear the news all about air quality index pollution which is definitely outside your control there are ways to mitigate it but it is
4:51 Not great compared to what you have as as an available option in abroad so in India you can move to a suburb or a tire 2 or a tire three City but she will be giving up some of the facilities and so on so when it comes to traffic pollution infrastructure I would give one to India and four to abroad because the environment is much much better in abroad compared to what we have in India now let's look at the other category which is spirituality Hobbies I think India is heavily rooted to spirituality meditation and so on so if someone is more leaning towards a spiritual spirituality or meditation I think India offers a lot compared to what it is in abroad also if you're looking for some Hobbies whether it could be travel you know golf tring I think there are options which are much
5:52 More affordable in India compared to what you have in abroad so I think it depends on your hobbies your interest that's where you need to decide which one can be a more beneficial place so from my perspective I would give four to India primarily more towards the spirituality and then three to abroad now let's look at the other category which is the emotional connect so lot of Indian diaspora who's after spending a lot of time in abroad they're emotionally connected to India they want to have the final stage of their life spent in India recollecting their childhood memories or for different things so there is an emotional connect that people have and there is no price to put it for that so in this case I think you know a point four four points goes to India and then two to
6:54 Abroad the next category it's family connections I think it depends on your own personal situation where the kids are where you know if your extended family is still in India or not I think India offers a lot from an extended family social fabric people to meet often compareed to what you have in West at the same time if kids are abroad it just also makes it hard to give a higher ranking for the family connect in India so from my perspective I'm giving four for India and three for abroad please adjust it based on your own specific situation next streamline process so how efficient is the customer service how efficient is the process when someone says this will be completed it's get done and there is no need to follow up and when you go and what to expect so it's pretty much defined there isn't lot of unknowns so it's ease of getting
7:56 Things done I I I feel it is is much much easier to get things done in abroad than you have in India and it's very streamlined very defined so there are not lot of surprises and so from that perspective I would give two to India and four to abroad in terms of the Streamline process so when you look at it the total there isn't much difference
8:22 In between India and abroad so at the end it depends on what lifestyle that you want to choose if you want to have a luxury lifestyle at an affordable price with an emotional connect and family India could be a best option for retirement however if you're looking some place that is a little bit more structured streamlined less pollution and have Advanced Health Care abroad could be the best place for you so it's the key priorities and that determines what what would be the right place with that said it doesn't have to be India versus abroad a lot of people spend time between both countries where they spend their Winters in India and then the summers in abroad 6 months in India and six months abroad so that is also another option where they get a chance to spend time with their kids family but also have an opportunity to
9:22 Spend the winters in a better place and having The Best of Both Worlds as long as as your health and you know life permits that's a good option too so at the end it's your priorities at what stage you are in your life that dictates the place what would be the best place for you to retire hope this video helps in guiding you through the different categories and help you make a decision on what place could be the best place for you to retire if you like the content please like share and and put in your comments which place are you planning to retire and also keep note we have a very vibrant WhatsApp Community please join and the link is provided in the description below until next time take care
