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 

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