Download the BYJU'S Exam Prep App for free IAS preparation videos & tests - Download the BYJU'S Exam Prep App for free IAS preparation videos & tests -

What is purchasing power parity in India?

The PPP of Indian rupee per US dollar at GDP level was 20.65 in 2017. In terms of Purchasing Power Parity, India is the world’s 3rd largest economy. Out of the world’s total Gross Domestic Product (GDP) in terms of PPP, India accounts for 6.7%. You can read about the Methods of GDP Estimation in the given link.

Further readings:

  1. Poverty – A Multidimensional Challenge
  2. Economic Planning in India 

Related Links

Economy Questions in UPSC Prelims [2013-2020]

Cashless Economy in India

Green GDP: Notes for UPSC

Measurements of National Income

G20 Talks on Economic Crisis: RSTV- Big Picture

National Income and its Accounting

Comments

Leave a Comment

Your Mobile number and Email id will not be published.

*

*