Reportedly according to the Capita Ranking 2023 on GDP, india is at 129th position i.e. 129th in the list of richest countries. India's GDP per capita income is $2673 (Rs 2.21 lakh). However, when it comes to world GDP ranking, india is at 5th place. According to IMF estimates, by the year 2027, india will be the third largest economy in the world. In 2014, india was at 10th place in this list. In terms of per capita GDP, India's situation is worse than neighboring countries bangladesh and Sri Lanka.
Meanwhile to become the third largest economy by 2027, india will have to grow at a rate of eight percent annually. IMF estimates that the average annual per capita GDP of indians will be $3466 in 2027. But this will not bring any improvement in the capita ranking. south sudan is considered the poorest country in the world where per capita GDP is 475 dollars. According to the international Monetary Fund (IMF), the average per capita income in the ten poorest countries of the world is $ 1432, while in the ten richest countries it is more than $ 105,170.
Small countries like Luxembourg, San Marino, switzerland are included in the list of 10 richest countries in the world. These countries are prosperous due to their strong financial systems and tax systems. Because of this, people are attracted towards foreign investment, professional talent and higher deposits in banks. Some countries are rich due to natural resources. These countries have large reserves of oil and gas, which make them very wealthy. Like- qatar and United Arab Emirates. Tourist places make some countries prosperous. Countries with attractive tourist destinations and gambling industries attract tourists, which boosts the economy. Gleaming casinos and large number of tourists are good for the economy of any country. Despite being hit by the lockdown and the pandemic, Macau's name is included in the list of top-5 countries. Macau has become known as the 'gambling capital of the world'. Gambling is legal here.
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