Is an internet speed of 1 mbps fast enough for everyday use?

I have 1mbps broadband connection,using for a year, and I can play YouTube videos without buffer UpTo 360p resolution, Download speed is 120–125KBps and In 1 Hr 400MB data can be downloaded, 1 movie can be downloaded in 1hr.
Problem :
Video calling and online gaming(sniper fury or asphalt 8) will lag a lot,
While video call ,you can only see other person,but other person can't see you properly, because of low Upload speed ,in Video calling Upload speed matters more than Downloading.
Same online gaming upload speed lags, and game suffer .Otherwise It's fine speed, faster websites opening , Stream online movie a relatively low resolution like 360p or 480p, actually ,if you have buffered a movie about 1 minute ahead and then play ,buffer less.
If you don't play online games ,and video calling is less to no , Then it's good , provided the price you pay, in my Case I'm getting 1mbps speed flat , Unlimited data at 250 rs(indian rupee) .And I feel it's cheapest I can get ,already in my area.

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