What is the Purchasing Power Parity ratio of India relative to the US. Please quote source also?
How much is a US dollar if truth be told worth contained by India
Answers:
Well, what you can buy depends upon the picnic basket of produce that you put surrounded by your index. You can enjoy some really crazed differences of opinion on the cost of living depending upon what you put into it.
First, here are with the sole purpose a few indices, respectively have their own spinelessness. One switch one to look at is the World Bank's World Development index. However, I'm not a big hanger-on of it because it indicates that the RMB is in the order of 80% weaker than the US dollar. Reality is that it's hundreds of percentage weaker than the US dollar if you don't live contained by Shanghai, Beijing or Guangdong/Shenzen.
Another virtuous one is the Big Mac index put out by the Economist. It's tongue in cheek, but the theory is solid - albeit for a single product picnic basket.
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Answers:
Well, what you can buy depends upon the picnic basket of produce that you put surrounded by your index. You can enjoy some really crazed differences of opinion on the cost of living depending upon what you put into it.
First, here are with the sole purpose a few indices, respectively have their own spinelessness. One switch one to look at is the World Bank's World Development index. However, I'm not a big hanger-on of it because it indicates that the RMB is in the order of 80% weaker than the US dollar. Reality is that it's hundreds of percentage weaker than the US dollar if you don't live contained by Shanghai, Beijing or Guangdong/Shenzen.
Another virtuous one is the Big Mac index put out by the Economist. It's tongue in cheek, but the theory is solid - albeit for a single product picnic basket.