PPP vs Nominal GDP: Why India Becomes the World’s 3rd-Largest Economy in PPP

Purchasing Power Parity (PPP) and Nominal GDP often give very different rankings for countries — especially for India.
This video explains PPP simply, using real examples, formulas, and global comparisons to show why India appears as the 5th largest economy in Nominal GDP but becomes the 3rd largest economy under PPP.
We also break down how PPP is calculated, why developing countries rise in PPP rankings, and why global institutions use PPP for poverty, prices, and living standard comparisons.

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