No, PPP is based on the US dollar, and the US dollar is also in inflation,So PPP has been inflating.It's a PPP comparison. Price is taken into effect.
Else Indian economy (nominal) grew by much more.
No, PPP is based on the US dollar, and the US dollar is also in inflation,So PPP has been inflating.It's a PPP comparison. Price is taken into effect.
Else Indian economy (nominal) grew by much more.
I think India's inflation has a great impact on the price of onions in food.For a country to control inflation it must make optimum use of it's resources to provide for its population.
The needs of a population are as follows:
1)Food.
2)Water.
3)Healthcare.
4)Housing.
5)Education.
All these can be met if we optimize our resources.
Food is not an issue India has enough land to sustain 2 billion population at full capacity.
Water can be managed by proper planning, policy and protection.
Healthcare is already decent, if corruption and redundancy is cut than our system can achieve excellence in a decade.
Housing and Education are a complex topic there are thread for this already.
No, no, no.No, PPP is based on the US dollar, and the US dollar is also in inflation,So PPP has been inflating.
No, no, no.
PPP just means purchasing power parity. Not the US dollars.
That measures how the economy is growing at fixed prices. For example,
If one nation makes 100 units of product X in 2010. At 100 INR/auto.
Next year, they make 110 units at 101 INR/auto.
PPP growth will be (110-100)/100 = 10%
While nominal growth = Real growth + inflation.
Learn the basics of real v/s nominal here: https://courses.lumenlearning.com/boundless-economics/chapter/comparing-real-and-nominal-gdp/
US dollar has no role to play in such.
Can you just shut up and stop derailing our thread? अपने काम से काम रख चमगादड़ प्रेमी!I think India's inflation has a great impact on the price of onions in food.
Again, you are confusing two things here.View attachment 96016View attachment 96017
The dollar is the benchmark, and the normal GDP of the United States = GDP (PPP)
As far as I remember, Dal's prices shoot up around 100+ during that period 2010-12. It remained so for long time around from then.In 2010 everything was half the price it is today.
Petrol Diesel around 50.
basmati Rice 30 to 40 rs kg.
Atta was 15 to 20.
Dal was 50 per kg.
Kaju was 400 to 500 rs kg.
Rent for 2 to 3 bhk was around 3500 to 5000.
As far as I remember, Dal's prices shoot up around 100+ during that period 2010-12. It remained so for long time around from then.
Sugar price almost trippled form 17-18 to 42-45 per kg.
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Modi said this in 2012Post not loading up.
Hold your horses man! Things are not that simple.Modi said this in 2012
The massive hike in petrol prices is a prime example of the failure of Congress-led UPA. This will put a burden of hundreds of crores on Gujarat. This decision, coming a day after the ending of Parliament session is a stinging rebuke to the dignity of Parliament!
China is only offering a second option, and some smaller countries are getting better terms from India when they choose. For these small countries, it is good news that they will have more chips in the face of the surrounding powers.@Edinburgh dont you think China has failed to compete with India in Nepal and Bangladesh?
And sir forgetting the internet payment revolution that was brought under this government, everyone today mostly of younger generation has BHIM upi account.People here are comparing Fuel prices of Modi's tenure with Fuel prices of that poodle who first bought oil on made up bonds, payment of which is still out standing.
Not only that these cry babies are comparing it with Manmohan Singh’s patch work economy marked with dodgy social schemes, corruption of epic proportions, high inflation sans DBT, banking, easy loans, start ups, faster and cheaper internet, optimised food distribution, policy paralysis, snail paced infrastructure projects.
Only a fool would cry for no cardimom while drinking milk which he never tasted before.