If India has it all, why is it not rich?

Transcript

India has everything, so why isn't it rich? The Himalayas, some of the most fertile land on earth, a sea on three sides, and valuable natural resources. Meanwhile, Japan has no oil and Singapore has no land for farming. Switzerland doesn't even have a coastline and Israel has no drinking water. Yet all these countries are 10 times richer per person than India. Nature has given India everything, so why is it so far behind? Well, turns out India didn't use to be this far behind. In 1700, India was a quarter of the world's economy, but by 1950 it was just 4%. What happened while first an empire stole everything from India? All of India's raw materials went to make British goods and then India had to buy them back. And after India finally gained independence, it decided to have this extremely bureaucratic system that held it back for decades. And since the 1991 major economic reforms, India has been improving, but at the same time, it still feels so far behind, considering everything that it has. So what do you think is holding back India today? Is it on the right track? And does it just need more time to catch up? Comment world if you want to know where I think the world's going and why I think India will have a bright future.

Transcribed automatically from the video, so small errors are possible.