If the $25 billion figure is correct, then PPP would be approx $70 billion.
Taking market exchange rate at ₹53 per $ and PPP rate as ₹ 19 per $, we get 25 x 53 / 19 = 70
On topic, all these metro projects are great. India is catching up late with urban development, but better...
Since this statement, the British Empire has collapsed, the colonies in Asia and Africa gained independence. Except for a few small islands that passes off as British Overseas Territory, there is nothing left in the British Empire. Also, Commonwealth realm countries are waiting for the Queen to...
What are these LeT doing in Kunar? Aren't they supposed to be fighting for the freedom of Kashmiris? Anyways, good riddance to these scums. Thank you ISAF.
Ideal scenario for India would be a peaceful Pakistan where it's State works for the welfare of the ordinary Pakistani citizens.
On the question of how to avoid the worst case scenario (nuking everybody), Pakistan has to give up its support to the 'good' terrorists, increase trade relations...
Sangma will become a serious candidate if Mamata and Mayawati support him. It will then make it a close fight, Shiv Sena and JDU will be forced to rethink their strategy. Even the Left parties and smaller parties of the North East may join in support of Sangma.
No, India real GDP for Jan-Mar quarter was 5.3%, inflation for that period was 6.7%, current prices GDP was 5.3 + 6.7 = 12%
Source: http://mospi.nic.in/Mospi_New/upload/NAD_Press_Note_31may12.pdf
The think tanks in US are losing patience with Pakistan too. Watch this video (a long one) dated 22 May. They are talking about NATO supplies, information leak from Bin Laden raid, ISI and terror links, economic sanctions, etc. Don't know if this has been posted here before. The superpower seems...
It is clear that Pakistani establishment does not care for the remote tribal population. The government is happy to just increase the transit fee on trucks and pocket the dollars. What a shame, and where is the all mighty Army when the country needs it the most? They are all hand in glove with...
Wishing the Scots good luck to become an independent nation again. Will the Scots get to keep the North Sea oil after the split? Most of the non-Irish in Northern Ireland have a Scottish heritage, will they split and merge with an independent Scotland? The Irish can then make a case for...
Modi as PM - Only if BJP can win over 200 seats on its own. That is highly unlikely since BJP has no presence in TN, Kerala, Orissa, WB, AP and is an 'also-ran party' in the large state of UP. BJP must focus on bringing lost allies in these key states back into the NDA, only that will ensure a...
That is a wrong analysis. That Income was earned in 2011 and has to converted at average rates that existed in 2011. Applying current exchange rate on last year's income doesn't solve any purpose. The GDP numbers for current year will be a lot higher than last years due to inflation and real...