do you even know the definition of the wealth ? GDP is the sum total of goods and services produced in an economy, and a country having largest population, if propely developed, is going to have largest GDP as well. BUT for average Indians it means nothing.
Look Pakistan's GDP is greater than Switzerland and hence Pakistan has more wealth than Switzerland.
But Swiss command a superior lifestyle and high end products, which command premium prices, unlike Pakistani which either export handicrafts or textiles which are highly price sensitive.
So just by having more wealth does Pakistan a superior country for economic well being of it's citizens ? Swiss or Pakistanis are better off ?
A country can be a superpower and still have poor beggers as citizens as seen in North Korea, Nuclear bombs but nothing to eat !
Why isn't the simple thing getting inside your head that it is PER CAPITA INCOME that matters and not overall GDP (or wealth as you say).
What was population of USA in 1820s - Less than 10 million and yet had a solid per capita income with just 13 states.
India was 250 million and low average standard of living even then, now and in the future. The same BRIC report says that India's per capita income will be barely what is Thailand's today in 2020.
While USA EUROPE and JAPAN Russia will comfortably have 3 to 4 times the PCI in 2050 also.
SIZE of the GDP means nothing , get this in your mudhead.
Otherwise all Swiss could be seen migrating to Pakistan which has a larger "wealth".
Have you ever thought issues OUTSIDE what you learnt and spoon fed at school ? OR you are all theoretical ?
Living in USA and yet you observed NOTHING ! Economy of Alabama is larger than Connecticut. Which state is better ?
And are you making a fool of public ........ middle class ? You got t be kidding. IN medieval times 95% of the population was dependent on agriculture and there was no heavy industry to speak of, and kings taxed heavily to finance their grandiose projects and wars. Look at paintings from medieval India and average Indian was very poor and weak.
Over all all so called Wealth is not a good indicator of average life of citizens nor is it distributed evenly in any economy.
And today Indians are breedign like rabbits and 22 millino babies are born every year ! equal to total population of Australia EVRY YEAR . this will ensure PCI stays LOW in the future too.
And property prices like $150000 in small towns like faridabad and noida, in a country where PCI is only $3500 is NOT COOL either.
