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That's to be expected, a dollar in India goes much further than a dollar in the US. https://data.oecd.org/conversion/purchasing-power-parities-ppp.htm https://d
by colonCapitalDee 3y ago
That's to be expected, a dollar in India goes much further than a dollar in the US. https://data.oecd.org/conversion/purchasing-power-parities-ppp.htm https://data.oecd.org/conversion/purchasing-power-parities-p... says a dollar in India can buy you about 23 times as much stuff as that same dollar could in the US, although I'd expect that number to drop significantly for highly technical projects like a moon landing.
- mmoskal 3y agoIt's 23 rupees to a dollar at PPP. The exchange rate is 82, so a dollar goes 3.5 times further in India not 23 :)
- deleted 3y ago[deleted]
- deleted 3y ago[deleted]
- geoelectric 3y agoWell, they spent 248M and India spent 74M. 74 * 3.5 == 259M so that tracks
- Geee 3y agoPrice difference applies only to wages and other non-portable costs. The prices for products and commodities which can be easily moved are roughly equal on global markets due to arbitrage. You can't get the raw materials or computer chips any cheaper in India.
- jl6 3y ago> and other non-portable costs OK, but there are a lot of these.