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Economy, Macro & Market Cycles

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Economy, Macro & Market Cycles

Per Capita Income

National income divided by population, used as a rough measure of average prosperity.

Per Capita Income = National Income / Total Population ₹ Economy, Macro & Market Cycles

Policy Transmission

The process by which a change in the central bank's policy rate passes through to lending and deposit rates in the economy.

Transmission = Change in Bank Lending Rate / Change in Policy Rate, over the period examined % Economy, Macro & Market Cycles

Purchasing Managers' Index

A survey-based index of business conditions, where readings above 50 indicate expansion and below 50 contraction.

PMI = weighted diffusion index of survey responses on output, new orders, employment, supplier deliveries and stocks index points Economy, Macro & Market Cycles

Purchasing Power

The quantity of goods and services a unit of currency can buy.

Purchasing Power Change = 1 / (1 + Inflation Rate) - 1, over the period considered %