India’s wealth rose 211% in last 15 years
LONDON: India has seen a whopping 211% increase in its wealth over the last 15 years — much higher than the US, UK, Japan, France, Germany or Brazil.
Only four other countries — Indonesia, China, Russia and Australia — have done better than India. Indonesia’s wealth increased by 362% while China saw an increase of 341%, Russia 253% and Australia 248%.
Rich became more rich and poor became more poor. The same story world wide.
But India’s per capita income is still the lowest.There has been very unequal distribution of wealth in India with the rich becoming richer & no tricle down effect.
With low base, percentage will always be in huge number so its baseless to compare in percentage.
Now just to be fair, post the rate of inflation in India for the last 15 years
But this wealth is only with few families. Count of poor is increasing everyday.
The report clearly shows that the disparity of income is on the rise. The rich are becoming richer and the poor are not crossing the below poverty line on a large scale.
Only for the rich as rich becomes richer and the poor has become the poorer during these years
This is possible only because of Modji. Modiji is a gift to the nation directly from the God. Modji has a vision. Jai Shri Modiji ki Jai…
Rhythm Of Life
Indian richest family would have played a big role in the average. Per capita income also increased for the poor but cannot see much change in the middle class.
True, Most of this wealth is through corruption.
Now Modi’s monkeys will be jumping up and down and claim this to Modi’s success.
Feels nice to read such things about my country