Big Mac index: Is India really one of the cheapest nations to live?

Maharaja Mac costs more than double the burger taken for calculation of The Economist's index

India could be one of the cheapest countries in the world to live but the size of a burger matters.

Going by the recently published ‘Big Mac’ index of The Economist newspaper, the cost of living in India could be on a par with developed countries, or much lower than Egypt, depending on which McDonald’s burger you fancy. 

The Economist hasn’t yet given the comparison of India in their mails to subscribers, and it is not clear what burger price the weekly magazine-format newspaper assumes for India. 

For example, in the January edition, it had assumed the burger price at