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Africa surpasses India in wealth per person - Credit Suisse Wealth Report

Indian houshold are estimated to hold $ 1 Trillion worth of gold. That's $ 1000 per capita, alone.

That said, Africa is a continent rich in mineral resources (and way too larger than India, in any case), but only 80% of the population of India.

so, leave alone India, Africa will be richer than prc as well if you count just gold and oil in Africa.


Size is irrelevant to a large extent , it is How /What is done that is more important .

One could invariably do a comparision between :
India vs Hong Kong ,
India vs Singapore , OR
India vs Taiwan.
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All the latter countries are far far smaller than India and with ZERO natural resources.

Yet All these countries (HK, Taiwan, Singapore ) will EASILY have a per capital in excess of USD$100,000 compared to India's puny $4706

One can see a clear trend amongst members from a certain sub-continent ; the propensity for comparing & giving excuses .

There is (or Was) so much potential from a society that inherited the English langugage, the British Common law system etc.
But alas, it seems to have been wasted.
.
Perhaps that is why Africans are now outperforming the Indians .
 
.
Size is irrelevant to a large extent , it is How /What is done that is more important .

One could invariably do a comparision between :
India vs Hong Kong ,
India vs Singapore , OR
India vs Taiwan.
.
All the latter countries are far far smaller than India and with ZERO natural resources.

Yet All these countries (HK, Taiwan, Singapore ) will EASILY have a per capital in excess of USD$100,000 compared to India's puny $4706

One can see a clear trend amongst members from a certain sub-continent ; the propensity for comparing & giving excuses .

There is (or Was) so much potential from a society that inherited the English langugage, the British Common law system etc.
But alas, it seems to have been wasted.
.
Perhaps that is why Africans are now outperforming the Indians .

Leave alone the little countries.. we can discuss that if this thread continues longer.

But as for china and india, the values change drastically once we change to apples to apples, rather than dollars to dollars.

And this when china is concentrating on "digging" and "digging" so that it can buy food for its people.

I actually opened the CS report, and see that India saves mostly in physical assets e.g. housing, gold and much less in stocks or bank deposits. I assume $1000 per capita for gold is currently accounted.. eh, or do they count is as a consumption item as govt of India does? The housing prices in India are at PPP; so a coffin apartment in china could be values more than a bungalow in Gwalior, since prices of same physical good differ when converted using nominal exchange rates.

Leave the crap about "english", "common law" .. as if India got it patented and you don't have a right to use it. Next you will say India invented the modern numerical system but could not follow up on it to unleash the industrial revolution, instead of Europe / britain.

Size is irrelevant to a large extent , it is How /What is done that is more important .

One could invariably do a comparision between :
India vs Hong Kong ,
India vs Singapore , OR
India vs Taiwan.
.
All the latter countries are far far smaller than India and with ZERO natural resources.

Yet All these countries (HK, Taiwan, Singapore ) will EASILY have a per capital in excess of USD$100,000 compared to India's puny $4706

One can see a clear trend amongst members from a certain sub-continent ; the propensity for comparing & giving excuses .

There is (or Was) so much potential from a society that inherited the English langugage, the British Common law system etc.
But alas, it seems to have been wasted.
.
Perhaps that is why Africans are now outperforming the Indians .

Leave alone the little countries.. we can discuss that if this thread continues longer.

But as for china and india, the values change drastically once we change to apples to apples, rather than dollars to dollars.

And this when china is concentrating on "digging" and "digging" so that it can buy food for its people.

I actually opened the CS report, and see that India saves mostly in physical assets e.g. housing, gold and much less in stocks or bank deposits. I assume $1000 per capita for gold is currently accounted.. eh, or do they count is as a consumption item as govt of India does? The housing prices in India are at PPP; so a coffin apartment in china could be values more than a bungalow in Gwalior, since prices of same physical good differ when converted using nominal exchange rates.

Leave the crap about "english", "common law" .. as if India got it patented and you don't have a right to use it. Next you will say India invented the modern numerical system but could not follow up on it to unleash the industrial revolution, instead of Europe / britain.
 
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Here is what you said " Seems like GD, SL or Pakistan would not be investing in India to make it grow any time soon.*"

And what about the rest?Space research at same level as .....:lol:

I did say that India cannot count on its neighbors to help make them grow. Not that India need them to survive. India is surviving without investments from them.
 
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The concept of "neighbors" in this global age is very different from what it was.

Every country with a sea shore is a neighbor of every other such country now.

While relations with immediate neighbors are important, they need not necessarily put any constraints to any country's growth.

India's problem is not lack of external investments but an enabling internal investment environment. Something that hopefully will be sorted out soon to a significant degree.
 
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