Purchasing Power Parity

“For the middle class and the upper middle class who have made servants and so on, their rupee is more valuable than the dollar in terms of purchasing power parity as compared to nominal, right? But for the poor people, it's a double geo parity because they are…”

“International economies, and I believe the best yardstick is purchasing power parity, which is also the yardstick that CIA and IMF think is the best yardstick. By that yardstick, China is currently the largest economy in the world.”