this post was submitted on 18 Jul 2023
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[–] [email protected] 2 points 1 year ago* (last edited 1 year ago)

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