Purchasing power parity is a measure of the price of specific goods in different countries and is used to compare the absolute purchasing power of the countries' currencies. From Wikipedia
Low productivity coupled with weak income growth stalls India’s path to a fully developed economy by 2047
:max_bytes(150000):strip_icc()/dotdash_Final_What_Is_Purchasing_Power_Parity_PPP_May_2020-01-d820977667e14964ab1b3538e0af520c.jpg)
