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Originally Posted by Officer of Engineers
And you absolutely don't get it. It means SQUAT ALL in the international scheme of things. Ok, so you can get capsicum for 25 cents/kg in India. Does that mean that I as a Canadian when I come to your country expect to pay $12-$15 for it? Does that mean when you come to my country, you can only pay 25 cents for it? Try it and see just how long you can do business. Get it? The value of the money doesn't change. Not one bit.
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sir, I believe you have just answered that yourself below.
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Just because capsicum is 25 cents in India and $12 in Canada/NZ, PPP skews it so that it means your 25 cents is worth my $12.
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bingo.
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Does that make sense in the real world? Yeah, just try to buy $12 of Canadian goods with an Indian 25 cents.
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sir again, most Indians will not come to Canada to buy their goods.
Yes, you coming from abroad will find goods much cheaper in India, but then again, you will still be paying tax as you tow them back to Canada.