Latest news with #PurchasingPowerParity
India Today
12-06-2025
- Business
- India Today
Dollar dream vs reality: Why Rs 80 lakh in US salary not as big as it sounds
Have you ever felt tempted by the big paycheques your relatives or friends boast about after moving abroad? A recent LinkedIn post by a Shubham Chakraborty, an upcoming author, has sparked a fresh conversation about whether those impressive-sounding dollar salaries are really worth it when compared with life in wrote, "Next time your cousin/friend who has settled in the US says he makes Rs 80 lakhs a year, tell them you only need Rs 23 Lakhs to match their lifestyle in India. This is how Purchasing Power Parity (PPP) works." advertisementHe argued that one needs only Rs 23 Lakhs in India to match the lifestyle of someone earning Rs 80 Lakhs in the US, thanks to the concept of Purchasing Power Parity (PPP). This perspective challenges the common notion that higher salaries abroad automatically translate to a better PPP PPP is a method used by economists to compare what money can actually buy in different countries. Instead of just converting currencies using exchange rates, PPP looks at local costs, like rent, food, internet bills, and other everyday instance, PPP compares what you can buy for a certain amount of money in India versus what the same amount can get you elsewhere, like in the further wrote, "Many people don't think about PPP when considering job offers or moving to another country. But it can be helpful. For example, if you have two job offers - one for 30 Lakhs rupees in India and another for 80 Lakhs rupees in the US - PPP can help you compare them fairly."advertisementHe shared everyday comparisons to explain the idea. For instance, a restaurant meal costing Rs 300 in India would cost Rs 1,700 in the US, while internet bills might increase from Rs 700 to Rs 6,000. Similarly, rent for comparable housing can jump from Rs 50,000 to Rs 1.6 lakh. These comparisons reveal how costs can significantly vary, affecting the real value of a OF PPPWhile PPP offers valuable insights, Chakraborty acknowledged its limitations. He noted, "Developed countries often have better public services, technology, and opportunities. They may also offer better social security." Thus, while PPP is a helpful tool, it is not the sole consideration when evaluating job offers or contemplating moving concluded his post by saying that while PPP is a handy tool to understand real earnings, but it's not the only thing to think about. Before deciding to move abroad or pick a job offer, look at the full picture, including lifestyle, family needs, savings, and future goals.
Economic Times
11-06-2025
- Business
- Economic Times
Rs 50,000 rent in India but Rs 1.6 lakh in US: Why Delhi researcher is calling out the NRI salary flex
Shubham Chakraborty, a researcher based in Delhi, has started a viral debate on social media on NRIs flexing their salaries— questioning how Indian professionals often compare international paychecks without factoring in key differences like cost of living and purchasing power. "Next time your cousin/friend who has settled in the US says he makes Rs 80 Lakhs a year, tell them you only need Rs 23 Lakhs to match their lifestyle in India. This is how Purchasing Power Parity (PPP) works," said Chakraborty in a post on LinkedIn. Check full statement here: Next time your cousin/friend who has settled in the US says he makes Rs 80 Lakhs a year, tell them you only need Rs 23 Lakhs to match their lifestyle in India. This is how Purchasing Power Parity (PPP) is a way to compare the value of money between different countries. It shows how much money you'd need in one country to buy the same things as in another people don't think about PPP when considering job offers or moving to another country. But it can be helpful. For example, if you have two job offers - one for 30 Lakhs rupees in India and another for 80 Lakhs rupees in the US - PPP can help you compare them PPP isn't the only thing to consider. Developed countries often have better public services, technology, and opportunities. They may also offer better social security. So, while PPP is useful, it's just one of many factors to consider when making decisions about jobs or moving abroad. India's Purchasing Power Parity: NITI Aayog Vice-Chairman Suman Bery 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 US economy. The purchasing power parity (PPP) is the amount of currency units required to purchase a basket of goods and services that can be purchased with one unit of the reference economy's currency. "There has been a lot in the newspapers about our being the fourth largest economy. Those are all measured at market prices, but the real way of measuring productivity is purchasing power parity. "And while we are USD 4 trillion GDP at market prices, at PPP term, we are USD 15 trillion economy," Bery said while addressing the Annual Business Summit 2025 of the Confederation of Indian Industry (CII). He said that economists tend to measure labour productivity at purchasing power parity as PPP measures the real size of the economy of countries against the size of the US economy.
ILoveQatar.net
04-06-2025
- Business
- ILoveQatar.net
Qatar tops in MENA region in public transport access, sustainability, and innovation
Qatar ranks first in the Middle East and North Africa (MENA) region in terms of the 'Share of Populations with Convenient Access to Public Transport', with 91.7%, according to the International Association of Public Transport (UITP)'s 'MENA Transport Report 2025' issued by the Centre for Transport Excellence. This year's edition broadened its scope, covering public transportation systems in 40 cities across 14 MENA countries. The capital city Doha has the world's highest number of kilometers per million inhabitants (64km/1 million population) compared to several world capital cities. Doha also ranks third globally in terms of number of public buses for every one million inhabitants (969 buses/1 million inhabitants), which reflects Qatar's significant investment in public transportation. Regarding the metro network fleet, Doha comes fourth globally in terms of number of metro cars (278 cars/1 million inhabitants). The UITP report lists Qatar among the top 20 countries in the world in terms of public transportation user experience alongside Amsterdam, Geneva and Singapore. The report shows Qatar as one of the most efficient countries in terms of public transportation fare according to the Purchasing Power Parity (PPP), making public transportation affordable for all. According to the report, Qatar has one of the highest rankings in the MENA region in environmental sustainability of the transportation system with comprehensive plans for transition to clean energy. It also highlights Qatar among top countries in terms of the smart infrastructure for the public transportation system with an integrated network supported by digital transformation and sustainable facilities. The report lauds Qatar's qualitative progress in upgrading its public transportation system in terms of infrastructure, sustainability, digital transformation, and integration of mobility modes, thereby meeting the needs of its population and visitors and supporting the Qatar National Vision 2030. The report underlines that such qualitative leapfrogs had demonstrated Qatar's position as one of the leading countries in public transportation regionally and internationally. The report also highlighted the Doha Metro as one of the most advanced and most efficient mobility systems in the world thanks to its full driverless automation and high ridership per every 1 million people. It also lauded Doha Metro's role in the success of major events Qatar organizes or hosts, first and foremost the FIFA World Cup Qatar 2022 where fans enjoyed safe and smooth movement. The report says Lusail Tram stands out and reflects ambitious urban planning. Serving the smart city of Lusail with the highest rates of kilometers per each one million inhabitants if compared to similar cities, the report said Lusail tramway network reflects a forward-looking vision to enhance urban mobility. The report says: 'Qatar has taken significant steps toward electrification, with Doha integrating electric buses into its public transport network. Qatar has outlined plans to transition its public bus fleet to full electrification by 2030, supported by an expanding charging infrastructure and investments in smart mobility.' The report adds that Lusail is home to the world's largest e-bus depot running on solar energy to feed its facilities, with advanced infrastructures including smart charging stations, digital tracking systems, and green maintenance centers. The report also praised Qatar's success in integrating various transportation modes into one system while making several solutions available for users such as electronic payment using cards and via applications and smart platforms for trip planning and bus tracking, something which helps achieve smooth and efficient connectivity between metro networks, buses, trams and shared mobility. The UITP report says that Qatar's experience in public transportation represents a role model, regionally and internationally, combing operational efficiency, environmental sustainability and technology innovation. It also reflects the country's commitment to achieving the QNV 2030 and sustainable development goals and enhances its preparedness to host major events and offers world-class urban mobility experience.
Qatar Tribune
03-06-2025
- Business
- Qatar Tribune
Qatar attains top-tier rankings in public transport indicators
Tribune News Network Doha Qatar ranks first in the Middle East and North Africa region in terms of the 'Share of Populations with Convenient Access to Public Transport', with 91.7%, according to the International Association of Public Transport (UITP)'s 'MENA Transport Report 2025' issued by the Centre for Transport Excellence. This year's edition broadened its scope, covering public transportation systems in 40 cities across 14 MENA countries. Doha has the world's highest number of kilometers per million inhabitants (64km/1 million population) compared to several world capital cities. Doha also ranks third globally in terms of number of public buses for every one million inhabitants (969 buses/1 million inhabitants), which reflects Qatar's significant investment in public transportation. Regarding the metro network fleet, Doha comes fourth globally in terms of number of metro cars (278 cars/1 million inhabitants). The UITP report lists Qatar among the top 20 countries in the world in terms of public transportation user experience alongside Amsterdam, Geneva and Singapore. The report shows Qatar as one of the most efficient countries in terms of public transportation fare according to the Purchasing Power Parity, making public transportation affordable for all. page 3
Qatar Tribune
03-06-2025
- Business
- Qatar Tribune
Qatar tops Int'l Association of Public Transport MENA ranking
Tribune News Network Doha Qatar ranks first in the Middle East and North Africa (MENA) region in terms of the 'Share of Populations with Convenient Access to Public Transport', with 91.7 percent, according to the International Association of Public Transport (UITP)'s 'MENA Transport Report 2025' issued by the Centre for Transport Excellence. This year's edition broadened its scope, covering public transportation systems in 40 cities across 14 MENA countries. The capital city Doha has the world's highest number of kilometres per million inhabitants (64km/1 million population) compared to several world capital cities. Doha also ranks third globally in terms of number of public buses for every one million inhabitants (969 buses/1 million inhabitants), which reflects Qatar's significant investment in public transportation. Regarding the metro network fleet, Doha comes fourth globally in terms of number of metro cars (278 cars/1 million inhabitants). The UITP report lists Qatar among the top 20 countries in the world in terms of public transportation user experience alongside Amsterdam, Geneva and Singapore. The report shows Qatar as one of the most efficient countries in terms of public transportation fare according to the Purchasing Power Parity (PPP), making public transportation affordable for all. According to the report, Qatar has one of the highest rankings in the MENA region in environmental sustainability of the transportation system with comprehensive plans for transition to clean energy. It also highlights Qatar among top countries in terms of the smart infrastructure for the public transportation system. The report lauds Qatar's qualitative progress in upgrading its public transportation system in terms of infrastructure, sustainability, digital transformation, and integration of mobility modes, thereby meeting the needs of its population and visitors and supporting the Qatar National Vision 2030. The report also highlighted the Doha Metro as one of the most advanced and most efficient mobility systems in the world thanks to its full driverless automation and high ridership per every 1 million people. It also lauded Doha Metro's role in the success of major events Qatar organizes or hosts, first and foremost the FIFA World Cup Qatar 2022 where fans enjoyed safe and smooth movement. The report says Lusail Tram stands out and reflects ambitious urban planning. Serving the smart city of Lusail with the highest rates of kilometers per each one million inhabitants if compared to similar cities, the report said Lusail tramway network reflects a forward-looking vision to enhance urban mobility. The report says: 'Qatar has taken significant steps toward electrification, with Doha integrating electric buses into its public transport network. Qatar has outlined plans to transition its public bus fleet to full electrification by 2030, supported by an expanding charging infrastructure and investments in smart mobility.' The report adds that Lusail is home to the world's largest e-bus depot running on solar energy to feed its facilities, with advanced infrastructures including smart charging stations, digital tracking systems, and green maintenance centres. The report also praised Qatar's success in integrating various transportation modes into one system while making several solutions available for users such as electronic payment using cards and via applications and smart platforms for trip planning and bus tracking, something which helps achieve smooth and efficient connectivity between metro networks, buses, trams and shared mobility.
