is britain richer than india?

Answer 1

im going to guess that it is. but im not sure

Answer 2

I lived in New Delhi for 3 years and I know there are more Millionaires living in New Delhi than any other city in the world.
They are very clever business men /women,and are very self sufficient. They produce anything from a tap washer to a Oil Tanker Ship.
The bottom line is 2% of the population own all the wealth, the government, civil servants and police are all corrupt.
At the moment we are a richer country than India and I believe the West has the power to make sure that India will not overtake the US and EEC. They wont be able to stop China though and in 20 years China will be by far the richest country

Answer 3

GDP can be calculated in several ways. The Market Exchange Rate GDP is useful for understanding the international economic purchasing power and the total value of tradeable goods and services of different countries. Purchasing Power Parity is arguably more useful when comparing differences in living standards because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using just exchange rates which may distort the real differences in income.

Britain is richer in Market Exchange Rate GDP, and India in PPP GDP.

List by the IMF (PPP)
1 United States 12,277,583
2 China 9,412,361 1
3 Japan 3,910,728
4 India 3,633,441
5 Germany 2,521,699
6 United Kingdom 1,832,792

List of countries by Market Exchange Rate GDP
1 United States 12,455,825
2 Japan 4,567,441
3 Germany 2,791,737
4 People's Republic of China 2,234,133 2
5 United Kingdom 2,229,472
6 France 2,126,719
7 Italy 1,765,537
8 Canada 1,132,436
9 Spain 1,126,565
10 Brazil 795,666
11 South Korea 787,567
12 India 771,951

There are 60m Britons and 1000m Indians. Per head, of course, Britons are much, much richer. But those 60m Britons can't compete, in national wealth production terms, with 1000m Indians who may not be rich, but can still feed and house themselves.

Answer 4

I think Britain is richer is respect of following laws, infrastructure, democracy. India is richer is culture, religion, and family value. Both are rich, both are poor.

Answer 5

Yes, the united kingdom is richer then india, in GDP and per capita

India 2004 at nearly $650 billion even if it grew at 30% in 05 and 06 it wouldn't be above a trillion. I think you forgot to conver the GDP using the exchage rate.

http://www.thehindubusinessline.com/2004/01/24/stories/2004012400690400.htm

Answer 6

yes britain is richer than india

Answer 7

Britain is richer in capital (which is important for capitalism)

India is richer in labor and land

Answer 8

No, most of the indians i know in britain have houses here and mansions in india,,,, WHO'S RICHER !

Answer 9

The answer is simple: the UK is the fourth highest economy in the world, India comes a lot lower, simply because 98% of the population live in poverty whilst producing cheap goods.

Answer 10

Nope...A region's gross domestic product,or GDP, is one of several measures of the size of its economy. The GDP of a country is defined as the market value of all final goods and services produced within a country in a given period of time. It is also considered the sum of value added at every stage of production of all final goods and services produced within a country in a given period of time. Britians GDP is $1.8 Trillion, and India's GDP is $3.9 Trillion. While the United States on the other hand has a GDP of $13 Trillion..Hope this helps...

Answer 11

Richer in what?