Purchasing Power Parity Explained: Rs 80 Lacs in US vs Rs 23 Lacs in India!

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Next time when your cousin, who has settled in the US, says he makes Rs 80 Lac a year, tell him you only need Rs 23 Lac to match his lifestyle in India. This is how Purchasing Power Parity (PPP) works. According to Wikipedia, “Purchasing power parity is the...
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