Definition: PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP is the sum of gross value added by all resident producers in th...
However, the origin of current account imbalance has been theoretically explicated in two basic views. The first view deems imbalance as an oscillating trend, which is better termed as ‘disequilibrium approach.’ The second view characterizes a completely reverse outlook that current account imbalance...
Five trillion:Dollar economy by 2024 -It is the goal set for India by Prime Minister Narendra Modi on June 15, 2019 during the fifth meeting of the Governing Council of The National Institution for Transforming India (NITI) Aayog which was held under the chairmanship of the Prime Minister Sh...
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