The recent release of the updated index for comparing the value of currencies across countries - generally known as purchasing power parity, or PPP - will have far-reaching implications.
'Within six months I expect petrol, diesel, and electric vehicles (EVs) to reach cost parity,' says Union Minister for Road Transport and Highways Nitin Gadkari.
A larger part of India's population was in the middle 40 per cent of the national income share in 1980. Today almost all are in the bottom 50 per cent.
India and the US have entered a new phase in their relationship, marked by greater parity, point out Harsh V Pant and Vivek Mishra.
On the back of an aggressive asset monetisation push, the government will press the throttle on the build-operate-transfer (BOT) model - under which private developers fund highway construction - for future highway development, Union Minister for Road Transport and Highways Nitin Gadkari said.
India's economy could reach $20.7 trillion in terms of purchasing power parity (PPP) by 2030 and may emerge as the second-largest economy by 2038 with $34.2 trillion GDP, an EY report said on Wednesday. The report also said that with appropriate countermeasures, India can limit the adverse impact of higher US tariffs on selected Indian imports to about 10 basis points of real GDP growth.
Investors and startup executives are calling for extending the period for an entity to be recognised as a startup from 10 to 15 years for deep-tech companies.
The stock and bond markets told Trump firmly that any idea of isolating China would lead to harming the US economy and this forced Trump to backtrack, points out Aakar Patel.
India could emerge as the world's third largest economy by 2030.
Petrol costs less than a dollar in the OPEC region.
Putin said the 'policy' pursued by Modi is the main 'guarantor' of relations between the two countries.
The economy of India is the eleventh largest in the world by nominal GDP and the fourth largest by purchasing power parity (PPP).
Amidst all the doom that prevails in India, there are many reasons to feel good about its achievements and future prospects.
Prime Minister Narendra Modi's goal of making India a high-income economy by 2047 is unlikely to be achieved, but the country should become an upper middle-income nation by then, Financial Times chief economics commentator Martin Wolf said on Friday. Wolf further said that India would also become a superpower by 2047. "India wishes to become a high-income country by 2047.
James Laurence Balsillie, founder and co-chief executive officer of Research in Motion, feels that in the next 20 years, India will reach the developed nation status with $20,000 per capita income in terms of purchasing power parity.
The World Bank has pegged Indian economic growth to take over Chinese by 2012 on purchasing power parity (PPP) basis, but New Delhi has played down the projection by the multi-lateral agency saying the country is not in race with anyone.
Life expectancy of Indians at birth in 2019 was 69.7 years while Bangladesh has a life expectancy of 72.6 years and Pakistan 67.3 years, the 2020 Human Development Report said.
About 56 million Indians may have plunged into extreme poverty in 2020 as a result of the pandemic, increasing the global tally by 71 million and making it the worst year for poverty reduction since World War II, according to fresh estimates by the World Bank. "The global goal of ending extreme poverty by 2030 is likely to be missed: By then, about 600 million people will remain in abject poverty. A major course correction is needed," Indermit Gill, chief economist at the World Bank, tweeted. The World Bank in its latest "Poverty and Shared Prosperity" made fresh estimates of poverty using a new extreme poverty line based on the purchasing power parity (PPP) of $2.15, the earlier one being at $1.9.
India has the potential to supersede China to the top spot, says a report published by PwC.
China is the world's fastest-growing major economy, with growth rates averaging 10% over the past 30 years.
Despite weaker exports and sluggish domestic demand, China is still on track to overtake the United States.
The United States continues to remain the world's largest economy.
Purchasing power parity revision set to alter poverty estimation; fall won't be so steep once the global poverty line is revised too.
Emerging economies will take the centre stage in terms of GDP (PPP) growth by 2020.
Let's take a look at the price of a Starbucks grande latte in India and around the world.
Says recent global financial crisis did not affect India, as it has some of the stronger economies, is a testimony to the maturity of the country's regulation.
The developing-region cities of the City 600 will be home to an estimated 235 million middle-class households earning more than $20,000 a year at purchasing power parity (PPP) by 2025, points out a McKinsey study which maps the economic power of cities.
He was speaking to reporters along with Union Minister of State for Planning Ashwini Kumar on the sidelines of the Regional Consultation with five Eastern States on the Approach Paper to be finalised by the Planning Commission.
The United States reigns supreme as the world's economic superpower.
India's share in the world gross domestic product (GDP) has increased from around three per cent in 1990 (at purchasing power parity-adjusted exchange rates) to around five per cent now, making it one of the fastest-growing economies in the world in recent years.
Next year, India will become one of the world's 10 biggest economies.
Indian rupee is the world's most undervalued currency, says The Economist.
The average salary of Indian chief executive officers is inching closer to their global counterparts.
Petrol prices in India are amongst the highest in the world.
China is the world's second-largest economy, after the United States.
The economies of China and India are 40 per cent smaller than previously thought, according to new estimates published by the World Bank this week.
India's 9 per cent GDP growth may not mean much for the masses, going by an ADB study which says India is ranked 17 among 23 when economies are compared based on a measure of people's economic well-being.
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