Dushmann
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I can see what he's trying to say about PPP. Let's say we have 20 dollars (1200 rupees) . That will buy you a worker for only 1 hour in the US. Meanwhile , in India, that same 20 dollars could buy you at least 10 workers for 1 hour. Thus , with like 50 million dollars , you can build probably 1 flyover in the US , while many more in India. So 50 million dollars could be like 200 million in PPP terms (just as an example).
All things combined, doesn't translate to such a large difference in reality. Compare the prices of houses, or total cost of infrastructure projects in India and west. Surely not 10-100 times difference?
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Now that its is almost certain that India will have high growth rate with new government in place, I was wondering what will be size of India's economy in 10 years with average growth rate of 10% ? How long till India surpasses Japan to become world number 3 ; less than a decade perhaps? That's very close.