On: India to topple Japan as world's 3rd-largest econo...

[pirate_is_back]

Per capita income is extremely low in India. But things are improving.

India's growth is mainly because of growth of service industry, manufacturing and modern agriculture techniques. The countries that you have mentioned have higher per capita income because of huge natural resources and less population.

Iraq -> Huge Oil reserves / Small population

Mongolia -> Huge mineral resources / tiny population

[ashishgandhi → pirate_is_back]

The countries I mention here are because they are directly above India on that list.

I'm hoping you are not trying to say you need a lot of natural resources and less population to be rich.

Singapore -> Almost no resources, pretty dense population. Singapore is much much ahead.