The difference in the cost of purchasing the same products in different economies has been described as the purchasing power parity, a development caused by lower wages in the underdeveloped countries ...

Elon Musk's recent disclosure of data from his AI model, Grok, has sent ripples through the global economic community. The figures reveal that China has overtaken the United States in terms of Gross ...

Japan has a highly advanced economy with a GDP of $6.72 trillion based on purchasing power parity. Japan is known for its strong manufacturing sector, particularly in electronics, automobiles, and ...

NITI Aayog Vice-Chairman Suman Bery on Thursday said that the size of the Indian economy in the purchasing power parity (PPP) term is already USD 15 trillion, which is more than half the size of the ...