India PPP Conversion Factor
PPP conversion factor, GDP PA.NUS.PPP
India's ppp conversion factor was 20.38 in 2025, ranked 69th globally. This represents a 0.2% decrease from 2024. Data from World Bank, covering 1990–2025.
Overview
India's ppp conversion factor stood at 20.38 in 2025, a decline of +0.04 from 2024. Based on recent trends, this figure is projected to reach 20.38 by 2025. India ranked 69th globally.
India's PPP Conversion Factor, a metric used to adjust national income for differences in prices across countries, has experienced significant growth over the past three and a half decades. Since the trough of 5.50 in 1990, the factor has risen steadily, reaching an all-time peak of 20.73 in 2021, before slightly declining to 20.38 in 2025. This increase indicates a relative improvement in the cost of living in India, where a given amount of income can purchase a greater quantity of goods and services. In comparison, neighboring countries such as North Macedonia, with a PPP Conversion Factor of 20.06 in 2025, have also experienced growth, but at a slower rate. The rise in India's PPP Conversion Factor underscores the country's economic progress, driven by factors such as industrialization, urbanization, and rising living standards. However, a decline in the global value of the US dollar, which is often used as a reference currency in PPP calculations, could potentially alter the trajectory of India's PPP Conversion Factor in the coming years.
Data & projection
| Year | PPP Conversion Factor | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 20.33 | - | - |
| 2026* trend | 20.36 | - | - |
| 2025* trend | 20.38 | - | - |
| 2025 | 20.38 | −0.04 | #69 |
| 2024 | 20.42 | +0.13 | #122 |
| 2023 | 20.29 | −0.20 | #129 |
| 2022 | 20.49 | −0.24 | #130 |
| 2021 | 20.73 | +0.41 | #132 |
| 2020 | 20.32 | +0.08 | #132 |
| 2019 | 20.24 | −0.24 | #133 |
| 2018 | 20.47 | +0.02 | #134 |
| 2017 | 20.46 | +0.71 | #135 |
| 2016 | 19.74 | +0.63 | #136 |
| 2015 | 19.12 | +0.81 | #135 |
| 2014 | 18.30 | +1.01 | #133 |
| 2013 | 17.29 | +1.15 | #133 |
| 2012 | 16.14 | +0.59 | #131 |
| 2011 | 15.55 | +0.95 | #131 |
Detected Pattern
Analysis
India matched the Fiscal Dominance Trap pattern in 2010. Historically, 72% of countries showing this pattern (278 out of 386) saw ppp conversion factor improve within 24 months. View full analysis →
Frequently Asked Questions
India's ppp conversion factor was 20.38 in 2025. Ranked 69th globally. This represents a 0.2% decrease from the previous year.
India's ppp conversion factor peaked at 20.73 in 2021.
The lowest ppp conversion factor in India was 5.50 in 1990.
India ranks 69th globally in ppp conversion factor as of 2025.
The World Bank indicator code is PA.NUS.PPP. Data sourced from World Bank.
India's ppp conversion factor is projected to reach 20.38 by 2025 based on trend extrapolation.
The ppp conversion factor of India in 2025 was 20.38. This ranks 69th in the world.
Cite this page
@misc{historysaid_india_ppp-conversion-factor,
title = {India PPP Conversion Factor},
url = {https://historysaid.com/india/ppp-conversion-factor/},
publisher = {HistorySaid},
year = {2026}
}