While it has built up a healthy stock of currency reserves, its huge population of 1.4 billion means it still has the lowest prosperity level of any investment grade country when measured by GDP per capita of $2,164...

https://www.financialexpress.com/economy/indias-prized-investment-grade-status-hanging-by-a-thread-due-to-devastating-covid-19-crisis/2251314/

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