Purchasing Power Parity

Union Budget 2019: Purchasing power parity helps compare economies in terms of cost of living

Simply put, the purchasing power parity is equalising the purchasing power of two currencies by taking into account the cost of living and inflation differences.

Indian economy projected to overtake US by 2040: PwC report

"In fact, China has already overtaken the US to become the world's largest economy in PPP terms, while India currently stands in third place and is projected to overtake the US by 2040 in PPP terms," PwC said.

India lags several nations in per capita income: Govt

<br /><br /> The per capita net national income rose by 5.2 percent while wholesale price index based inflation was at 8.9 percent in 2011-12.

IMF slow in bringing out quota reforms: PM

At the G20 summit in Mexico, PM Manmohan Singh said that IMF's quota reforms are slow and said that the quota must reflect the economic status of a country clearly.

Why India shouldn't get high on its 3rd largest economy status

India is also now Asia's second-largest economy, behind China. Still, being ahead of Japan does not necessarily mean India has done supremely well.

A dollar at Rs 32? Big Mac says so, but don't count on it

The Economist's Big Mac Index suggests that the Indian rupee is punching far below its weight. But the Big Mac is not the real thing.

Qatar ranked world's richest country

The Gulf State topped the list as the world's richest country per capita, thanks to a rebound in oil prices and its massive natural gas reserves.