Question

essay on india is not a poor country

Answer 1

India have largest number of poor peoples. 
"Its not due to Economic its all because of corruption""

Though India boasts of a high economic growth, it is shameful that there is still large scale poverty in India. It has the world's largest number of poor people living in a single country. The recent study confirms that India has more poor people than in 26 African Countries.(VOA news). One of the main reasons of this poverty is ‘CORRUPTION'. 
A recent news on IBNLive ‘Corrupt Indians siphoned out $125 bn in 8 years', more than $125 billion worth of funds meant for the uplift of Indians were illegally siphoned out of the country by corrupt politicians and corporate sectors, between 2000 and 2008. Last year there was shocking news in Indian media reporting on trillions of dollar black money Indians have in Swiss bank. Almost every day we hear about many scandals and corruption cases in several government and corporate sectors in India.

Answer 2

The first thing that comes into people’s mind when they hear the word capitalism is greed. People associate capitalism with power and greed. They believe capitalism is an economic system which benefits only the rich, and that without socialism we would be slaves of the capitalists. A mixed economy, some of them believe, will give the best of both worlds. This is hardly the truth. Capitalism is an economic system in which the means of production are privately owned. It is a system based on the voluntary exchange of goods and services. Socialism is the exact opposite of that.