In 2022, PPP for private consumption for India was 21 LCU per international dollars. PPP for private consumption of India increased from 10.5 LCU per international dollars in 2003 to 21 LCU per international dollars in 2022 growing at an average annual rate of 3.79%.
The description is composed by our digital data assistant.Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. This conversion factor is for private consumption (i.e., household final consumption expenditure).