Which country is poorer India or Africa?

Contrary to our ‘bhookha-nanga’ stereotype of that continent, about 20 African countries are richer than India on a per capita GDP basis. All of Africa, with a population of around 128 crore, has an aggregate GDP of $2.6 trillion. India’s is at almost exactly $3 trillion, but there are also a few crore more people.

Why Africa is the richest continent?

Africa is a resource-rich continent. Recent growth has been due to growth in sales in commodities, services, and manufacturing. Growth has been present throughout the continent, with over one-third of African countries posting 6\% or higher growth rates, and another 40\% growing between 4\% to 6\% per year.

What is the difference between Africa and India?

Africa is a continent.India is country.Africa is much more larger while India is comparatively small.Despite the size India’a population is larger than the entire population of all African countries combined.With large population comes even larger challenges,something that India has been aggressively battling…

Why is Africa the poorest continent?

Africa is the poorest continent in the world in terms of GDP per-capita and the majority of the world™s poor live in Africa. Good institutional explanations for this today at the macro level: predatory and kleptocratic rule, weak states unable to enforce rules, order or provide public goods, lack of mechanisms of

Is South Africa more rich than North Africa?

South Africa has wealth due to diamond and Europeans, but the native are in equally bad state as rest of Africa. North Africa has wealth from oil reserves. However, most of the African countries have per capita income less than half of India.

Why has Africa fallen behind the Western world?

Africa has fallen behind because its people, despite their historical abilities in science, have not done this in an organised manner. The more the western world was able to invent and innovate in the past 300 years, the more “civilised” it became.