India had a purchase power parity compared to the US$ of > 24 in 2022, i.e., while you can exchange only ~400–500 US $ for ₹ 40,000, this amount of money will buy goods within India that would be worth $ 9,600–12,000 within the US. Exchange rates can be pretty misleading.
India had a purchase power parity compared to the US$ of > 24 in 2022, i.e., while you can exchange only ~400–500 US $ for ₹ 40,000, this amount of money will buy goods within India that would be worth $ 9,600–12,000 within the US. Exchange rates can be pretty misleading.
https://data.oecd.org/conversion/purchasing-power-parities-ppp.htm