Is India richer than Singapore? Legend collapses

India may climb global GDP, but its normal citizen is still far from the wealthy, the founder of Hell Hatch Sherfastava is arguing in a post on X.

“India ranked fourth on GDP. But Singapore is ranked twenty -seventh. And India is richer than Singapore?” Sherfastava asks. Then dismantle the illusion.

By 2047, India is expected to become an economy of $ 40 trillion and achieve the status of the developed country – “a major celebration issue”, as it admits. However, Shrivastava indicates a scale that was ignored: the GDP of the individual. “India occupies about 140,” notes. “Nobody seems to talk about this number (like ever!).”

He says that this contrast reveals a basic defect in the economic structure of India – heavily dependent on local consumption instead of exports. “For decades, we manage a commercial deficit, not a commercial surplus,” he writes Shrivastava. On the other hand, it highlights the surplus of trade in Singapore 2021 of $ 126 billion, or approximately 32 % of GDP.

It refers to historical patterns: “Japan, Germany and China – they all run trade surpluses. The United States is the only exception, but they keep the backup. They can print their fake money and buy real goods from the world … and they still do not cause panic.”

His broader thesis is clear: “I do not know whether it can become a truly rich country without operating a trade surplus,” says Sriffastava. He says that history supports him, and states India’s dominance of world trade for centuries as a clear owner of ready -made goods.

But its goal is not to provoke nationalism – it is to enhance critical thought. “Economy is complex,” he writes.