What's new

CASS: China's GDP surpasses US by 2020

According to IMF

nominal Indian GDP $1.43 trillion
PPP $4 trillion
4/1.43=2.8

nominal Chinese GDP $5.75 trillion
PPP $10.1 trillion
10.1/5.75= 1.76

What's your point again?

No, the argument stands as exchange rates are also effected by trade volumes. The more international transactions a country processes, the more demand there is for the host currency. The fact that India is a domestically-driven economy means the Rupee is in less demand than the RMB, and hence its value on the international market. Therefore it's natural for them to have a less valuable currency. But I apparently misread the gap. Oh well, more trolling material against Indians.
 
.

Pakistan Affairs Latest Posts

Back
Top Bottom