I agree. PPP is such a hollow measure. It is a self-aggrandizing veneer solely to flatter one's vanity.
We live in a global world where no country is self sufficient. We depend on oil from a few countries, clothes from some other, electronics from some more, so on and so forth. In such an interdependent and connected world, all payments are made in global currencies and PPP in isolation doesn't really cut it.
India pays the same in $ for oil, as does let's say the UK. Similarly, when an Indian travels abroad, they pay the same in $/£/€ as let's say another globe-trotter from Europe.
PPP in such cases becomes a facade, to stoke their egos and to justify to the nationalists that their nation is doing well.
We live in a global world where no country is self sufficient. We depend on oil from a few countries, clothes from some other, electronics from some more, so on and so forth. In such an interdependent and connected world, all payments are made in global currencies and PPP in isolation doesn't really cut it.
India pays the same in $ for oil, as does let's say the UK. Similarly, when an Indian travels abroad, they pay the same in $/£/€ as let's say another globe-trotter from Europe.
PPP in such cases becomes a facade, to stoke their egos and to justify to the nationalists that their nation is doing well.