My Comment on an article "India displaces Japan to become third largest world economy in terms of PPP: World Bank" published in the Economic Times Dated 30/04/2014 at 12:30 pm.
"Good to know.
But simple PPP does not suffice. You should possess the currency or income at your hand to spend.
Still the poverty level is much high in our country. Because of this people have to work for very small wages as there is unemployment and opportunities are less as compared to workforce.
So create more jobs at all levels of workforce and remunerate them with sufficient income to meet their essential and normal needs. Then only can we be happy to realise that our currency's PPP is good.
"Good to know.
But simple PPP does not suffice. You should possess the currency or income at your hand to spend.
Still the poverty level is much high in our country. Because of this people have to work for very small wages as there is unemployment and opportunities are less as compared to workforce.
So create more jobs at all levels of workforce and remunerate them with sufficient income to meet their essential and normal needs. Then only can we be happy to realise that our currency's PPP is good.
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