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India was Named 7th Wealthiest Country

24 August 2016

Photo via Flickr

The recent study showed that when it comes to total individual wealth, India cleans up pretty well: not only did it make it to the top ten list, it landed the rank of 7th wealthiest country.

The Wealthiest of the Wealthiest. Photo Credit: Tax Credits

The Wealthiest of the Wealthiest. Photo Credit: Tax Credits

The survey conducted by New World Health revealed interesting numbers when it comes to each citizen’s individual net assets. The study takes into account each person’s total of assets, leaving out the liabilities and not counting government funds.

At the top of the chart in the United States with USD 48,900 billion, followed by China with a total individual wealth of USD 17,400 billion and Japan with a total of USD 15,100 billion.

Cold Hard Cash. Photo Credit: Moyan Brenn

Cold Hard Cash. Photo Credit: Moyan Brenn

Ranking fourth was the United Kingdom with USD 9,200, followed very closely by Germany (USD 9,200 billion) and France (USD 6,600 billion). India came in seventh with USD 5,600 billion, surpassing Canada (USD 4,700 billion); Australia (USD 4,500 billion) and Italy (USD 4,400 billion.) This means that next time you come to participate in the India’s Cup, you’ll be rolling through one of the wealthiest and most wacky-amazing countries!

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Experts in the report say that the most impressive figure was brought to the mix by Australia, because its population is only twenty-two million. India’s ranking should not come as a huge surprise, though: the country’s population is so large that all the personal assets simply add up. The report also mentioned, “Australia and India also grew strongly and India, Australia and Canada have just overtaken Italy over the past 12 months.”

Are you crazy enough to come along for the ride? Then join us on the next India’s Cup. Get a team together and let’s see you at the starting line! If you want to join us in spirit, like us on Facebook or follow us on Twitter and Instagram to keep up with our latest antics.
Vera
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veronika

Vera graduated from McDaniel College Europe with a degree in Political Sciences and International Relations. She loves to write about anything that interests her and she has a mania for baking - she also has a baking channel. She is an avid organizer, recording everything in her Filofax. An active person, she runs a lot and has to go to the gym on a regular basis, otherwise she would go craaaazyy.