Twitter Poll #Poll2Learn : 3 (Purchasing Power Parity )

I have started #Poll2Learn series where we will learn together by poll and explaining my point of view . You are welcome to correct me or provide your input .
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#Poll2Learn : 3

•1 Euro =  1.11 USD and 1 USD = 71 INR and 1 EURO = 79 INR

•Mathematically , 1 Lakh EURO  = 79 lakhs INR , will be highest .

•But , wait , quiz was not to test your mathematical knowledge.

•In Economics , There is term Purchasing Power Parity (PPP)

•Purchasing power parity is a theoretical exchange rate that allows you to buy the same amount of goods and services in every country. World bank releases PPP rate based on basket of items in every country.

•As per world bank current PPP rates are

•1 USD in USA = Around 20 INR in India

•1 EURO in Switzerland = Around 15 INR in India

•If we convert salary based on PPP rate then “25 Lakhs INR in India” will be highest package.

Try site like http://salaryconverter.nigelb.me/ to calculate real salary based on PPP.

Topic Learnt : Purchasing Power Parity (PPP)