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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
by traib 6y ago
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.
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 https://en.wikipedia.org/wiki/Purchasing_power_parity#Issues
[2] https://data.oecd.org/conversion/purchasing-power-parities-ppp.htm https://data.oecd.org/conversion/purchasing-power-parities-p...
[3] https://www.irs.gov/individuals/international-taxpayers/yearly-average-currency-exchange-rates https://www.irs.gov/individuals/international-taxpayers/year...
- tchalla 6y ago> 9 USD = 9 * 70.394 = ~633.5 INR [3] > 633.5 INR = 633.5 / 21.3 = ~30 USD PPP. Thanks for taking the time to correct me.