PPP allows us to understand and make comparisons between two countries about the price of the same goods and services in both countries. Thus, a PPP analysis shows the price of the same goods and services in different economies, adjusted for parity. A high PPP implies that a basic set of essential goods and services is cheaper inside India, for an Indian consumer, than the same basket would be for a consumer in Japan, Germany or the UK.
This analysis has used the PPP at Current International $, using World Bank data.
