Tag: International Comparison Program (ICP)

News: The World Bank has released the new Purchasing Power Parities (PPPs) for reference year 2017 under its International Comparison Program (ICP). Facts: International Comparison Program(ICP): It is the largest worldwide data-collection initiative managed by the World Bank under the guidance of the UN Statistical Commission(UNSC). Objective:  To produce purchasing power parities(PPPs) and comparable price… Continue reading India retains position as third largest economy in PPP