Is earning Rs 23 lakh in India equal to Rs 79 Lakh in the US? Expert on purchasing power parity

Is earning Rs 23 lakh in India equal to Rs 79 Lakh in the US? Expert on purchasing power parity

Talking about Purchasing Power Parity, CA Nitin Kaushik noted that in India, earning Rs 23 lakh may seem average until you consider that your US counterpart needs Rs 79 lakh to maintain a similar standard of living.

Purchasing Power of Countries and Regions

There is a global total of $60 trillion of final consumer consumption for 2025. The US with about 4% of total world population has 33% of total consumption.

Last year, Romania had a GDP per capita 21% below the EU average. Our country surpassed Croatia, Hungary, Slovakia, Latvia, Greece and Bulgaria. In 2023, Romania had a GDP per capita 22% below the Union average. In 2024, Romania ranked 18th among the 27 EU member states in terms of GDP per capita expressed in purchasing power parity, sharing the position with Poland and Estonia, according to preliminary Eurostat data. Last year, Romania had a GD…