India’s economy on purchasing power parity basis is around $20 trillion: Piyush Goyal New Delhi: While India negotiates with the world as a $4 trillion economy, its economy on a purchasing power parity basis is around $20 trillion, making it the third largest in the world, according to Commerce and Industry Minister Piyush Goyal. Purchasing […]
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New Delhi, Sep 25 (IANS) The size of the Indian economy has reached nearly $20 trillion on a purchasing power parity basis, making it the third-largest economy in the world, according to Commerce and Industry Minister Piyush Goyal.
Purchasing power parity (PPP) currency exchange rates aim to equalize the purchasing power of different currencies by eliminating differences in price levels across countries.
The Union Minister said that as India pro…