Purchasing Power Parity Archives

Purchasing Power Parity

Post author:Abhishek
Post published:June 9, 2016
Post category:Personal Finance
Post comments:3 Comments

Often, sitting in India, we wonder how cheap things are in the US or vice versa. Let me give an example. Iphone SE base model costs only $499 in US (source: Amazon ). It costs Rs. 36,000 in India (source: Amazon ). I used to think, you just need $500 to buy an Iphone in US, why does it cost so much in India?