PPP or Purchasing Power Parity is explained in hindi. As compared to market exchange rate between 2 currencies, PPP takes into consideration cost of living while comparing 2 currencies. Largest economies of the world based on nominal GDP and GDP based on PPP can be totally different.
World Bank publishes PPP rates for all countries with respect to US dollar:
https://data.worldbank.org/indicator/PA.NUS.PPP
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PPP या परचेज़िंग पावर पैरिटी को हिंदी में समझाया गया है। दोनों मुद्राओं (कर्रेंसीज़) के बीच मार्किट एक्सचेंज रेट की तुलना में, PPP दोनों कर्रेंसीज़ की तुलना करने के लिए जीवन यापन के खर्च को ध्यान में रखते हुए तुलना करता है। नॉमिनल जीडीपी पर आधारित दुनिया की सबसे बड़ी अर्थव्यवस्था और पीपीपी पर आधारित जीडीपी अलग हो सकती है।
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In this video, we have explained:
What is purchasing power parity theory?
How to compare salary in India and USA or any other county?
How the cost of living affects the value of a salary package?
How purchasing power parity comparison is done?
How purchasing power in India is different compared to the USA?
Why PPP rate is different from currency exchange rates?
How to compare the PPP rate of different currency?
How to compare the income in two different countries using purchasing power parity?
Where India ranks in the world based on GDP based on PPP?
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