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Why the shit should India be in any countries orbit? It won't be long till India has a bigger economy than Russia.
India already have world's third economy bigger than Russia.
We have already defeated Russia and india is nothing for us. Whatever indians do: make nuclear or improve technology still they cant defeat Pakistan becoz of the spiritual power of pakistan that is islam. View attachment 13603
Purchasing power parity is a metric useful only for internal analysis. When comparing different economies, one can only consider the nominal dollar..
PPP analysis give the real picture of Economy of country. Suppose tomorrow 1 USD becomes equal 80 INR. Does your GDP or consumption or per capita income reduced by 30 %? No. Size of economy and its valuation in some currency are totally different matter. In 1000 USD you can hardly survive in US while you can live lavishly in India.
Holy lord. You just told me I'm wrong and pretty much confirmed what I was saying.
PPP analysis give the real picture of Economy of country. Suppose tomorrow 1 USD becomes equal 80 INR. Does your GDP or consumption or per capita income reduced by 30 %? No. Size of economy and its valuation in some currency are totally different matter. In 1000 USD you can hardly survive in US while you can live lavishly in India.
India already have world's third economy bigger than Russia.
The problem is that besides food, minerals and anything low tech, anything of value in India is imported. So Indian people can buy less because imported items become more expensive.
PPP is not a good measurement as the way of calculating PPP can be modified.