Purchase power parity is a consolation to poor people by developed economies.It consoles in the way that though you are poor in income by any standard, you may still buy many things in your country with your paltry income, but dont think you have reached to a superior stage as tomtommed by your politicians as your actual position is a pathetic 160. To come to an actual picture of development, it is neccessary to tabulate per capita income of bottom 20% who are in BPL and also exclude the top 10%. This will only give a correct picture. As per Arjun Sengupta commitee report, 40% Indians still earn below 20 rupees a day. let us not brag abuot something which we are not.
