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  • Category: Miscellaneous

    India is the 6th wealthiest country in the world and the largest borrower from the world bank!

    I don't have in-depth knowledge of economics if a person is wealthiest I think he is reluctant to take the loans now here it is reverse "India is the 6th wealthiest country in the world and the largest borrower from the world bank!" If India is the 6th wealthiest country then why they borrow from the world bank and it is the largest borrower from last 3-4 years... Is really India is the 6th wealthiest country? Knowledgeable members, please respond to the question...
  • #661278
    BJP may be shouting 6 rank for GDP in India. But truth is India has 130 crore population and hence you need to know "What is per capita income of India". From 2014 hardly India improved in this scenario. If we will not be able increase per capita income. India may not be truthfully wealthy.

  • #661315
    The criteria for deciding the wealthiest country is to be known. In India, wealth is lying with few families and there are many poor people. The gap between the poor and the rich is very high. So if you count the overall wealth may be very high. But poor people will be always taking loans only. The government has to take care of the well being of the people, increase the infrastructure and see that wealth is created so that all the people will have self-sufficiency. But this is not happening. The requirement of money for the government is more. But the realisation is less in the form of taxes. So the government is borrowing money from the other countries and world bank.
    drrao
    always confident


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