Home Current Affair May 2018 India is the 6th Richest Country in the World

India is the 6th Richest Country in the World


India is on sixth place in the world's richest 10 countries, with an asset of $ 8,230 billion. This is a ranking higher than the year 2016. America is at the top in this case. This ranking has been given in AFRASIA Bank Global Property Escape Review 'report. The private property of Indians has increased 25% between 2016 and 2017.

America is ranked first with assets of $ 62,584 billion. After this, China is second with $ 24,803 billion and Japan third with $ 19,522 billion.

According to the report, the reasons for asset creation in India include a large number of entrepreneurs, good education system, a spectacular landscape of information technology, business process outsourcing, real estate, healthcare, and media sector. In the last 10 years, India’s property has recorded a 200-fold increase. India will overtake the Britain and Germany and become the fourth richest country in the world.

Published On : 22 May 2018

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