What is Purchasing Power Parity?

Purchasing Power Parity

What if I tell you the 1 US $ = 17.74 ₹? You will say that I am wrong as US $ is hovering around ₹ 70. Well, there is two aspect to this, one is the market exchange rate and another is the Purchasing Power Parity (PPP) rate. The PPP rate will help to … Read more