Why this Luxembourg-based couple invests in Indian stocks only
In the heart of Europe, Prateek Gupta and Neha Maheshwari are living a life many dream of—frequent European holidays and luxury cars. But behind this enviable lifestyle is a story of strategic financial planning that goes beyond indulgence. Despite moving from Bengaluru to Luxembourg in 2020, the couple has remained committed to investing exclusively in Indian stocks, carefully navigating the trade-offs that come with living abroad.
For Prateek and Neha, a luxury car like their Mercedes Benz A-class, costing 43,000 euros, is a feasible purchase in Luxembourg, a far cry from the hefty ₹55 lakh price tag for a similar model in Bengaluru.
“I wouldn't easily buy a luxury car in India priced over ₹50 lakh," says Prateek, a senior analyst with Amazon. «But these German luxury cars are priced much lower here in Luxembourg and are easily affordable vis-à-vis my income in euros.»
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The car's 43,000 euro price tag, when adjusted for Purchasing Power Parity (PPP), equates to about ₹10.3 lakh, whereas the same model costs around ₹55 lakh in Bengaluru. PPP compares the cost of goods between countries, and according to the OECD, it equalizes purchasing power by accounting for differences in price levels.
“For the same reason, holidays in Europe are also affordable as we spend in the same currency we earn in. Of course, the proximity between different countries also makes it cheaper as we can just drive around," Prateek said.
Prateek and Neha, who now works as a finance manager for a German real estate company, moved to Luxembourg in pursuit of a better quality of life. Neha had previously worked for one of the Big 4 firms in India.
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