Re:In India, smartphones and cheap data are giving women a v...
by traib on Wednesday January 06, 2021 @11:15AM
(#25659015)
First, PPP has its own issues [1] and is probably not the best way to compare the price of data.
Second, even after taking PPP into account data is still much cheaper in India - 30 USD per month for the thread parent after PPP conversion.
Math below:
PPP in [2] is National currency units/US dollar, i.e. INR/USD. It says that ~21.3 INR is going to buy you the same basket of goods in India that 1 USD buys you in USA.
Second, even after taking PPP into account data is still much cheaper in India - 30 USD per month for the thread parent after PPP conversion.
Math below:
PPP in [2] is National currency units/US dollar, i.e. INR/USD. It says that ~21.3 INR is going to buy you the same basket of goods in India that 1 USD buys you in USA.
9 USD = 9 * 70.394 = ~633.5 INR [3]
633.5 INR = 633.5 / 21.3 = ~30 USD PPP.
[1] https://en.wikipedia.org/wiki/Purchasing_power_parity#Issues
[2] https://data.oecd.org/conversion/purchasing-power-parities-p...
[3] https://www.irs.gov/individuals/international-taxpayers/year...