How is India top 5 in gdp while 81% of their population live in poverty
In: Economics
Oversimplified
Richness of average people = gdp per capita = Money/People
Rich Countries: Lots of money/ A bit of people = Rich
Poor countries have two options
Poor countries: Lots of money/ Too much people = Poor or
Poor countries : Less money/ A bit of people = Poor.
Germany’s wealth is 3rd in the world, distributed into 80 Million.
India’s wealth is 5th in the world, distributed into 1400 Million.
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