The current stand-off between India and China has brought to focus huge inroads China has made into Indian economy without giving a reciprocal access. The development has brought to the fore the need to re-look at the relationship with China and trade is an element where India must demand parity now. While the stand-off appears headed towards a resolution, it is still too early to lower guard. Here is a brief look at the details of India’s trade with China and how it has evolved over the years.
Purchasing Power Parity (PPP) is an important economic concept, requiring significant efforts to arrive at an authentic value. World Bank carries out an extensive exercise, called International Comparison Program (ICP), to get a fair value and understand where different economies are placed. As per the latest report released in May’20, covering economic performance for year … Continue reading Purchasing Power Parity (PPP) – An Overview