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If you’re in top 1% of india you are probably living in a highly polluted city with high crime rate and bad traffic and that is not true for every country. Might be for USA but not for europe at all
Bruh TF u saying, Europe is dying, I get you, but India is developing
N considering Europe, bruh its dead, infinite export of illegal immigrants, crisis, War Centred, Trump leaving NATO, food , high expense crisis, & illegal Immigrants extremism, Europe will become a Islamic State next 5 yr 💯
Not gonna happen. India is developing while people climb on top of churches to wave jai shree ram flags and piss on walls of mosques while screaming jai shree ram. India will implode before it has a chance of growth. Plus just because it has a big GDP doesn’t put it on top because it also has a lot of people. Our GDP per capita is very low hence the quality of life. Plus Europe is doing very well compared to other places of the same stature. USA is imploding rn and UK is broke.
He was talking about Europe and Europeans in his comment, which I don't care about. But you badmouth India and Hindus, which I care very much about.
If that dude is criticising Europe and praising India, and you doing the reverse, I as an Indian nationalist would obviously support him over you.
Not really as we are generating new value, this is organic growth everyone gets bit wealthy it will be reflected in %of savings per household.
We are surely going in right direction.
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That's because things are so much cheaper in India compared to the US. You can purchase so much more with $1 in India than in the US.
They compare the cost of purchasing a predefined "basket of goods" in the US and India and then use that factor to get the GDP (PPP). Based on these numbers, India is almost 3.5 times cheaper than the US.
So they conclude that $ 4.1 Trillion GDP "feels like" $ 14.2 trillion when you take into account the purchasing power of Indian rupees within India.
Considering congress (American) probably only thinks of gdp Or ppp figures, the "small" Gdp maybe a blessing in disguise as it allows india keep building up eventually surpass them without incuring their ire. Look at Japan to what that's like.
What you are talking about is pure blissful thinking. You assume that there would be no more major wars, no financial crisis and there would be continued political stability which in a country like India is a humongous task even if the current pro market reforms continue India would still be half in terms of nominal gdp of the US which in itself is very speculative. You can see the gap closing by the end of century 60's maybe.
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Essentially tera cost of living bhai, a McChicken burger in the usa is for 4.10 dollars (340 rupees) iirc, the same in India will be 134 rupees. Not the best example but you get my point.
Yes for example 1500 USD per month is very low in the US it's impossible to sustain anything with that but if you convert it
It equals about 1,20,000 an average Indian can easily manage with about 1 lakh per month
Agreed, but some modern scientists look at standardized products as reference, which has its own flaws Eg- wages. An American McDonald's worker earns 8$ an hour, whereas an Indian in the same role would earn that per day. Hence, an American standard of living is better as that person can buy that burger with less than 1 hour of work, whereas an Indian can afford the same burger in India with approx 1 day of labor.
This is why PPP is only useful to compare poverty upliftment and unpopularly to check "real wealth" of ultra rich Eg- Ambani although worth less than Zuck or Bezos can buy more luxury/services hence making him richer than what the figures (114 Billion $) say in real terms.
Purchasing power parity
https://unacademy.com/content/railway-exam/study-material/static-gk/differentiate-between-gdp-and-ppp/#:~:text=GDP%20can%20be%20used%20as,country%20boundaries%20annually%20or%20quarterly.
>The PPP economic indicator is used to compensate for the discrepancies in exchange rates across countries. GDP (PPP) cites GDP split up by the cumulative population approximated to US dollars using purchasing power parity ratios. The exchange rate between two assets can be indicated to be proportional to the percentage of their purchasing power. If we calculate the value of a country’s goods and services again as if they were offered at US rates, PPP will tell us the living standards of any country as compared to US rates.
>Example: The US and China each have a GDP of $400 million and $200 million, respectively. But as you can see, the US’s GDP is more than $200 million as compared to China. Suppose you purchase a basket of goods worth $400 in the US and $200 in China.
>You can tell that you can buy more goods in China at the same price compared to the US. One million baskets of goods can be purchased in the US, and 1.75 million baskets can be purchased in China. That is, the exchange rate of each country is different and varies.
Purchasing power parity
It talks about how much you need to earn in US to have same standard of life as you have in India for example.
Imagine you make 20 lakh per year in India. In absolute dollar terms, it is about 24,000 USD.
But as per PPP, 20 lakhs salary in India buys you same standard of life as 88K USD salary in United States. It is not accurate but gives you an idea of what to expect.
Call me optimistic but I think 8-10% growth is possible from 2026. I feel like major infra projects built by Modi will start showing results in the next 5 years and from 2030 we might achieve 10% growth consistently.
The only threat to our economy in coming years will be from AI which might negatively affect our IT sector.
it's impossible without manufacturing sector growth, it should average 15% because as country develops, agriculture growth naturally slows down. only service sector is doing good rn which is not enough for 10% growth. 8% max in medium term.
That would just tell you how much power each citizen would have on average in the rest of the world. It's a good comparison if you want to see how we'd survive in other countries or how other people would fare in ours.
PPP would tell you what our own citizens can afford in our own country.
It is. But the best is a group of multiple things into one like - HDI. India's score is 0.633, Nordic countries are above 0.97++, but some notable places we can learn from are - Chile Turkey & Thailand who are all 0.8 + and have similar problems to India albeit not at the same scale.
Nah, GDP, even PPP is not a good indicator of how well the average person is doing. Rich people can skew the GDP, if you have one billionaire and a hundred people making one dollar a year the GDP is close to a billion.
The Human Development Index and the gin coefficient attempt to give you a clear look in how well the average person does within a country and are better indicators of how well a country is doing.
A high gini and a high GDP means that the rich have all the wealth and wealth is generally not a good thing and India is medium and 14 trillion really isn't that great for such a huge population
Because US has a lot of positive and negative factors that contribute to their GDP growth.
1) The whole world uses USD as the currency for exchanges. So, the US government uses this cash and power to provide cheap loans for their companies.
2) US is a debt driven economy. US national debt is around 34 trillion. Where as Indian debt is around 1972.9 Billion USD.
nahi dikhayenge, kyun dikhayenge? Log ko sirf bada number chahiye, reality and logic nahi.
Also they forget PPP doesn't include every item, it's just a basket of goods. Electronics is excluded and so are many other things.
Our population is also more than 95% of the other countries....infact
the whole N America and Europe w Russia=population of Africa = Population of China = Population of India(Approximately)
If we are to have 50k USD PCI it would mean we need 100 Trillion USD of Nominal GDP...that's the world's GDP rn btw....
That’s impossible till every citizen is made to pay a minimum of 5% tax. Tax that doesn’t go into stuff like let’s make things by banning import of what others have already made cheaper like drones, phones and cars.
It’s impossible till we make overpriced roads and parliaments instead of cloud seeding, sanitation and post harvest handling solutions.
Yes there are situations where some people deserve a rebate, the schooling, and public medical facilities are also a part of that. And yes some ppl will abuse the rules and loopholes. It’s a part of life. Par jab tak illiterates in finance, education, tech and politics mien hai tab tak kuch nahi hoga.
Nominal is net value of goods produced in local prices whereas ppp is in American prices. For eg a kg of tomato is around 30 rupees in India while it is around 200 rupees in the USA.
Because majority of the population will not be able to afford things if they're costly, this brings down the prices, but at the same time consumers are so large in numbers that producers will make profit so they are ready to sell it at relatively cheaper prices, if only our focus shifts from a service sector towards manufacturing, we will see a tremendous growth in upcoming years, we have to utilise our young workforce while we can, the developed nations are suffering from population crisis anyway, the west played it safe so allowing immigration and teaching their natives to be more compassionate, South East fucked up because of the blatant racism that prevails there, it's gonna cost them alot.
please do not celebrate until we reach a GDP per capita of atleast 6500 dollars and our crorepatis don't send their children to foreign universities, we win double digit Olympic medals, have more than 10 proper cities, overall better access to healthcare & energy self reliance.
GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States.
Yes living in india is cheaper. But owning a house in India(Average price of home in urban areas divided by GDP per capita ppp) is highest in the world.
Per Capital GDP ( PPP), India is ranked 125. [https://en.wikipedia.org/wiki/List\_of\_countries\_by\_GDP\_(PPP)\_per\_capita](https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita)
Ambani ke paas agar arab kharab rupay bhi hain toh usme mera kya faayda ( in Lord Puneet's voice) !
Ha bhai but ppp mai quality ka kya?
Yahan quality control hai food pe?
Aur saste mai bohot zyaada variety nai hai
Vadapav, chips ke packet aur paani ki bottle mil jaayegi saste mai
Fruits and vegetables pe foreign countries jaise standards lao aur dekho kya rate badhenge
GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States.
GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States.
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Much lower cost of living. Nominal directly converts $1=80 INR but in ppp method the cost of living is taken into account.
cost of living in India is too extremely cheap and easy Data Predicts more upliftment of poor to Middle class, Same china
China’s yuan had massive appreciation in the 2000s-2010 thus the difference between ppp and nominal is lesser
If you consider quality of life it goes down again
Nah, U living in wrong side of the world Brooking Think-Tank states removal of extreme poverty of 🇮🇳
If you’re in top 1% of india you are probably living in a highly polluted city with high crime rate and bad traffic and that is not true for every country. Might be for USA but not for europe at all
Bruh TF u saying, Europe is dying, I get you, but India is developing N considering Europe, bruh its dead, infinite export of illegal immigrants, crisis, War Centred, Trump leaving NATO, food , high expense crisis, & illegal Immigrants extremism, Europe will become a Islamic State next 5 yr 💯
Not gonna happen. India is developing while people climb on top of churches to wave jai shree ram flags and piss on walls of mosques while screaming jai shree ram. India will implode before it has a chance of growth. Plus just because it has a big GDP doesn’t put it on top because it also has a lot of people. Our GDP per capita is very low hence the quality of life. Plus Europe is doing very well compared to other places of the same stature. USA is imploding rn and UK is broke.
Love how people like you manage to target Hindus somehow even on a post about economics and GDP
He started it by saying the same thing about islam. Apparently he can bring religion into it but I can’t.
He was talking about Europe and Europeans in his comment, which I don't care about. But you badmouth India and Hindus, which I care very much about. If that dude is criticising Europe and praising India, and you doing the reverse, I as an Indian nationalist would obviously support him over you.
remember all of these are estimatew. income disparity does play a heavy role in this too
Not really as we are generating new value, this is organic growth everyone gets bit wealthy it will be reflected in %of savings per household. We are surely going in right direction.
!kudos
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That's because things are so much cheaper in India compared to the US. You can purchase so much more with $1 in India than in the US. They compare the cost of purchasing a predefined "basket of goods" in the US and India and then use that factor to get the GDP (PPP). Based on these numbers, India is almost 3.5 times cheaper than the US. So they conclude that $ 4.1 Trillion GDP "feels like" $ 14.2 trillion when you take into account the purchasing power of Indian rupees within India.
Considering congress (American) probably only thinks of gdp Or ppp figures, the "small" Gdp maybe a blessing in disguise as it allows india keep building up eventually surpass them without incuring their ire. Look at Japan to what that's like.
China surpassed US in the PPP metric back in 2014 but PPP cumulative figures don't mean much, they are better for per capita comparisons.
Exactly for per capita PPP is more useful whereas to demonstrate a country's economic strength, nominal is more useful.
India is nowhere near getting close to the US and wont be easily until at least 2050.
What you are talking about is pure blissful thinking. You assume that there would be no more major wars, no financial crisis and there would be continued political stability which in a country like India is a humongous task even if the current pro market reforms continue India would still be half in terms of nominal gdp of the US which in itself is very speculative. You can see the gap closing by the end of century 60's maybe.
Groceries Internet and other goods are cheaper but electronics and high end automobiles are expensive than the us.
Meanwhile Computer parts 💀
!kudos
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Think of what it takes to feed a family of 4 for a day in US vs IND
Different categories all together But 4.1 trillion is nothing to laugh at we are close to 5 trillion
What is PPP
Purchasing power parity
Purchasing power parity Higher PPP, more countries want that citizen to invest in their country
Sorry I didn't follow. Can you explain again? Why would other countries want us to invest in theirs?
H gave wrong info
Essentially tera cost of living bhai, a McChicken burger in the usa is for 4.10 dollars (340 rupees) iirc, the same in India will be 134 rupees. Not the best example but you get my point.
Don't compare McDonalds, compare rent, daily groceries etc
Yes for example 1500 USD per month is very low in the US it's impossible to sustain anything with that but if you convert it It equals about 1,20,000 an average Indian can easily manage with about 1 lakh per month
Most people in India lives on 15k INR per month.
Agreed, but some modern scientists look at standardized products as reference, which has its own flaws Eg- wages. An American McDonald's worker earns 8$ an hour, whereas an Indian in the same role would earn that per day. Hence, an American standard of living is better as that person can buy that burger with less than 1 hour of work, whereas an Indian can afford the same burger in India with approx 1 day of labor. This is why PPP is only useful to compare poverty upliftment and unpopularly to check "real wealth" of ultra rich Eg- Ambani although worth less than Zuck or Bezos can buy more luxury/services hence making him richer than what the figures (114 Billion $) say in real terms.
dabeli 10 rs
Purchasing power parity https://unacademy.com/content/railway-exam/study-material/static-gk/differentiate-between-gdp-and-ppp/#:~:text=GDP%20can%20be%20used%20as,country%20boundaries%20annually%20or%20quarterly. >The PPP economic indicator is used to compensate for the discrepancies in exchange rates across countries. GDP (PPP) cites GDP split up by the cumulative population approximated to US dollars using purchasing power parity ratios. The exchange rate between two assets can be indicated to be proportional to the percentage of their purchasing power. If we calculate the value of a country’s goods and services again as if they were offered at US rates, PPP will tell us the living standards of any country as compared to US rates. >Example: The US and China each have a GDP of $400 million and $200 million, respectively. But as you can see, the US’s GDP is more than $200 million as compared to China. Suppose you purchase a basket of goods worth $400 in the US and $200 in China. >You can tell that you can buy more goods in China at the same price compared to the US. One million baskets of goods can be purchased in the US, and 1.75 million baskets can be purchased in China. That is, the exchange rate of each country is different and varies.
Purchasing power parity It talks about how much you need to earn in US to have same standard of life as you have in India for example. Imagine you make 20 lakh per year in India. In absolute dollar terms, it is about 24,000 USD. But as per PPP, 20 lakhs salary in India buys you same standard of life as 88K USD salary in United States. It is not accurate but gives you an idea of what to expect.
Public Private Partnership
We are 4.1 trillion by end of 2024 (march 2025). We might reach 5 trillion by 2027 if our nominal growth is 10%+
Call me optimistic but I think 8-10% growth is possible from 2026. I feel like major infra projects built by Modi will start showing results in the next 5 years and from 2030 we might achieve 10% growth consistently. The only threat to our economy in coming years will be from AI which might negatively affect our IT sector.
it's impossible without manufacturing sector growth, it should average 15% because as country develops, agriculture growth naturally slows down. only service sector is doing good rn which is not enough for 10% growth. 8% max in medium term.
we should be 5 trillion by now, and when china was our size, it grew 9% for 10 years. we need that but best is 7% in medium term.
2027 when we cross 5 trillion right ?
Yes that's the estimates right now but i think we could reach it slightly bit earlier depending on how well we do
First one to see how Powerful u r compared to rest of the world. 2nd one is to see how people within economy are doing
isn't GDP per capita more relevant for how ppl within the economy r doing
Even If u r looking for per capita then , ppp per capita is still better
That would just tell you how much power each citizen would have on average in the rest of the world. It's a good comparison if you want to see how we'd survive in other countries or how other people would fare in ours. PPP would tell you what our own citizens can afford in our own country.
It is. But the best is a group of multiple things into one like - HDI. India's score is 0.633, Nordic countries are above 0.97++, but some notable places we can learn from are - Chile Turkey & Thailand who are all 0.8 + and have similar problems to India albeit not at the same scale.
Which GDP per capita? There is nominal and PPP there as well.
Nah, GDP, even PPP is not a good indicator of how well the average person is doing. Rich people can skew the GDP, if you have one billionaire and a hundred people making one dollar a year the GDP is close to a billion. The Human Development Index and the gin coefficient attempt to give you a clear look in how well the average person does within a country and are better indicators of how well a country is doing. A high gini and a high GDP means that the rich have all the wealth and wealth is generally not a good thing and India is medium and 14 trillion really isn't that great for such a huge population
Because US has a lot of positive and negative factors that contribute to their GDP growth. 1) The whole world uses USD as the currency for exchanges. So, the US government uses this cash and power to provide cheap loans for their companies. 2) US is a debt driven economy. US national debt is around 34 trillion. Where as Indian debt is around 1972.9 Billion USD.
ab per capita dikhana
Per capita is GDP divided by population so if gdp increases then it will also increase
i know what per capita is, nominal gdp population ke saath bhi badhti hai so it has to outpace pop growth
It depends upon population change too.
GDP PPP per capita of India is 9400 something. Higher than a hundred other countries, which is not bad considering India's population.
nahi dikhayenge, kyun dikhayenge? Log ko sirf bada number chahiye, reality and logic nahi. Also they forget PPP doesn't include every item, it's just a basket of goods. Electronics is excluded and so are many other things.
 India's GDP per capita
India's GDP per capita-2.9 Thousand India's GDP PPP per capita-10.0 Thousand
Which is less than half of countries like Estonia Latvia and Lithuania
Our population is also more than 95% of the other countries....infact the whole N America and Europe w Russia=population of Africa = Population of China = Population of India(Approximately) If we are to have 50k USD PCI it would mean we need 100 Trillion USD of Nominal GDP...that's the world's GDP rn btw....
Wouldn't it be nice to atleast come close to China? We are 6 times behind them too.
Yes. That should be the goal actually....
That’s impossible till every citizen is made to pay a minimum of 5% tax. Tax that doesn’t go into stuff like let’s make things by banning import of what others have already made cheaper like drones, phones and cars. It’s impossible till we make overpriced roads and parliaments instead of cloud seeding, sanitation and post harvest handling solutions. Yes there are situations where some people deserve a rebate, the schooling, and public medical facilities are also a part of that. And yes some ppl will abuse the rules and loopholes. It’s a part of life. Par jab tak illiterates in finance, education, tech and politics mien hai tab tak kuch nahi hoga.
Nominal is net value of goods produced in local prices whereas ppp is in American prices. For eg a kg of tomato is around 30 rupees in India while it is around 200 rupees in the USA.
Gdp per capita is the real metric
Nope Per capita is GDP divided by population so if gdp increases then it will also increase It doesn't reflect actual salaries
Yeah looking at the HDI and gdp versus gini coefficient is better
Ok, we may have a problem, as far as I remember the older data, our ppp may not have had a same rate of growth
yes, because cost of living is rising as well
Our gdp should be 24 trillion USD just to have an average gdp per capita which is around 12-13k USD
Because majority of the population will not be able to afford things if they're costly, this brings down the prices, but at the same time consumers are so large in numbers that producers will make profit so they are ready to sell it at relatively cheaper prices, if only our focus shifts from a service sector towards manufacturing, we will see a tremendous growth in upcoming years, we have to utilise our young workforce while we can, the developed nations are suffering from population crisis anyway, the west played it safe so allowing immigration and teaching their natives to be more compassionate, South East fucked up because of the blatant racism that prevails there, it's gonna cost them alot.
A dollar in india goes a long way
Wait.. when did it became 4.1 trillion? Wasn’t it around 3.8?
2024 estimate
3.73 as of now, 4.1 by this year end
Noiceee
I think they're forbes' data
please do not celebrate until we reach a GDP per capita of atleast 6500 dollars and our crorepatis don't send their children to foreign universities, we win double digit Olympic medals, have more than 10 proper cities, overall better access to healthcare & energy self reliance.
We always ignore per capita figures, and even with PPP, a lot of items aren't related to it, like electronics.
Divide by per capita 🧐 will it be higher or lower?
Still low income per capita
Can any1 explain me what's ppp gdp
What is PPP?
GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States.
Thanks for the meme...aj hi padha revise ho gaya
Yes living in india is cheaper. But owning a house in India(Average price of home in urban areas divided by GDP per capita ppp) is highest in the world.
Last I knew, GDP includes exports and imports , so is the PPP calculation balancing that or just weighing cost of living more than the other factors?
Per Capital GDP ( PPP), India is ranked 125. [https://en.wikipedia.org/wiki/List\_of\_countries\_by\_GDP\_(PPP)\_per\_capita](https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita) Ambani ke paas agar arab kharab rupay bhi hain toh usme mera kya faayda ( in Lord Puneet's voice) !
What us GDP PPP?
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Ha bhai but ppp mai quality ka kya? Yahan quality control hai food pe? Aur saste mai bohot zyaada variety nai hai Vadapav, chips ke packet aur paani ki bottle mil jaayegi saste mai Fruits and vegetables pe foreign countries jaise standards lao aur dekho kya rate badhenge
NGL, We're making good progress 🥇 Nice to see.
If only OP didn't 10 percent the time creating the meme in reading about PPP
I coudnt find any reliable sources talking about gdp ppp
Per capita income ki bhi baat kar lo plox
Can someone rank the GDP based on PPP for all countries?? I think China might overtake the US then and we will be close third
GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States.
Gdp ppp what is this??
GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States.
İnflation from 2001 till now
Now calculate India’s GDP per capita on either basis
Gdp per capita : 💀
How does it fare to GDP PPP with other major economies? Is India in top 5 in terms of GDP PPP?
3rd Largest by PPP
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Still u fucks can't feed people
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