The Indian economy, expanding at a breakneck pace, now ranks among the top five largest economies globally. Despite this, however, it grapples with a relatively low per capita share. India’s sizeable ...

In her eighth budget, the finance minister raised the tax exemption limit to Rs 12 lakh a year from Rs 7 lakh and also ...

India and emerging Asia are poised to account for 30 per cent of global consumption at purchasing-power parity by 2050 ...

The McKinsey Global Institute reports a shift in global consumption patterns from the West towards India and emerging Asia. By 2050, these regions are projected to command 30% of global consumption.

According to a report by World Data Lab, India is projected to account for 16% of global consumption at purchasing power parity (PPP) by 2050. This will be up from 4% in 1997 and 9% in 2023.

The other uses the purchasing power parity (PPP) exchange rate—the rate at which the currency of one country ... China’s weight in the global economy is about 18 percent using PPP exchange rates, but ...

That is where PPP penetrates to make a fair comparison. PPP stands for Purchasing Power Parity and considers the local costs and inflation rates to give a more accurate picture of the standard of ...

A method to allow for comparison of household purchasing power across countries, adjusting for price differences. PPPs compare the purchasing power of monetary units in different countries. A PPP ...

Will India grow old before it grows rich? According to a new report by McKinsey, India has 33 years before its demographic ...

Purchasing power parity (PPP) is an economic theory that posits that goods and services should cost the same amount everywhere once currencies are exchanged. In other words, one U.S. dollar should ...

Moody's forecasts India's economy to grow 7% in FY25, driving insurance premium growth due to robust expansion and rising demand for health insurance.