Currency +/- Value - India Compared to Asia
|South Korea||$ 0.75|
|Hong Kong||$ 0.74|
|Sri Lanka||$ 0.30|
|North Korea||$ 0.00|
India: Currency +/- valuation index
This is a cost of living indicator. The figure shows how much how much a bundle of goods and services costing US$1 in the US would cost in other countries (similar to The Economist's Big Mac Index).
To arrive at the figure, the Global Property Guide takes the difference between the IMF's nominal GDP figures, and their purchasing power parity GDP figures for the latest year available.
Note that currency undervaluation (as measured by PPP) is not a good predictor of future currency movements.
These cost of living indicators refer to data collected annually (for date of collection, see Data FAQ )
Source: calculated using figures from the IMF World Economic Outlook Database
India launched Residex (India's house price index) in July 2007, through the National Housing Bank (NHB). Since Residex is relatively new, its methodology is being revised every so often. The eventual aim is to cover residential housing for 63 cities, before extending coverage to commercial property and land. At date of writing (early 2014) Residex covered 26 cities, with 2007 as base year. Residex is publicly available and can be accessed at the National Housing Bank's site. General economics statistics are from the Reserve Bank of India.