AlKardai
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No, that's not what PPP means.this is GDP on PPP for this year. while here, US-UK are 'hollow' economies.
on the other hand India-China type countries have a large share of 'undocumented' part of GDP
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View attachment 966868
Largest economies in the world by PPP GDP in 2023
List of countries by GDP (PPP) - Wikipedia
en.wikipedia.org
It means that the purchasing parity within the country is a lot higher.
This is due to the low cost of Labour and low living standards in India, which means that a lot more can be purchased for the same amount, theoretically making the average person better off on paper, but not when you have a colossal population like India.
You've again proven that India suffers from a colossal amount of poverty due to the massive value of its PPP economy within the nation and that a lot more can be bought for a lot less due to the higher value of currency to the average person.
Of course this is going to be lower in the UK where the currency value for the average person is lower due to the higher prices of commodities and services due to having a much more advanced educational and operational system, which leads to much higher competition in demand and therefore better living standards in the long run