Quote:
Originally Posted by Officer of Engineers
It's more than that. $12 is $12. 25 cents is 25 cents. 25 cents is NOT $12. The point at the end of the day, is not what you can do with your money. It's how much money you've got. Yes, you can do alot more with 25 cents in India than I can with $12 in Canada but we're not talking about in India or in Canada. We're talking the "4th most powerful economy in the world," and when you used PPP, that's hogwash. Try using that 25 cents is $12 bullcrap in any bank in the world and see just where that gets you.
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Sir, correction, nowhere did I state India as world's fourth powerful economy. Just trying to understand this GDP-PPP thing. In terms of real GDP rate (without PPP), Indian economy rates 12th in the world. It is only when we take into account PPP, India rises to be fourth largest economy and China rises to be second largest.