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Purchasing-Power Politics: The New PPP
BW Businessworld
|March 8, 2025
PPP RULES THE WORLD and is the new rule of the global order. The acronym now refers not to private-public partnerships, the popular approach to infrastructure projects, promoted by The World Bank and enthusiastically adopted by Indian economic planners, till it stopped providing the expected momentum and benefits.
Nor does it stand for purchasing-power parity, by which India’s per capita income is a yet-low but respectable $10,000, and our GDP already places us in the global top three economies. PPP is now the acronym for purchasing-power politics.
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