I have always been amazed by the wealth of India. Despite being plundered by many invaders since ages, we are able to maintain our position among the wealthiest countries in the world. In the recently published report cited the author, India came ahead of countries like Canada, Australia and Italy, which came in at 8th, 9th and 10th positions, respectively.
The top ten list is as follows -
4 .United Kingdom
In the study, wealth has been taken as the net assets of a person i.e. their assets like property, cash, equities, business interests minus their liabilities. It is said that one of reasons of the higher rank of the India is its population. The same is the case with the China. On per capita basis, the average Indian individual has net assets of approximately $4,200 i.e. Rs 2.81 lakh which is not a big deal. With this amount one can't even buy a house in any of the cities of India.
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