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GDP PPP (Purchasing Power Parity): Definition and Importance

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Definition: GDP PPP stands for Gross Domestic Product based on Purchasing Power Parity where using the PPP index, the GDP of a country is converted to dollars.

Imagine you are buying a ticket for a movie. Now you are wondering how much an American would pay for a movie. You can convert the ticket price in the US from US dollars to Indian rupees, but that would not give you the exact comparison you want. To get a proper comparison you will have to do something that is called purchasing power parity. Similarly the government also compares the GDPs of nations using a PPP system.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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