Is India Truly a Poor Country? Think Again.

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Take a good look at the image above. The sheer opulence of gold adorning this Indian woman—necklaces, bangles, earrings, and more—is not just a symbol of personal wealth, but a reflection of an ancient culture where gold has always held spiritual, cultural, and economic significance. This is not an isolated instance—millions of Indian households possess gold in similar or even greater quantities, passed down through generations.

If there ever was a metaphorical “gold mine” in the world, it exists not underground but within the homes of Indian families. If India ever decided to mine the gold owned by its citizens—especially the women—it would become one of the wealthiest nations on Earth, perhaps even richer than any oil-producing giant. Such is the abundance of privately held gold in India.

But that’s not all.

India reportedly holds over $1.5 trillion (approximately ₹125 lakh crore) in Swiss bank accounts—a figure claimed to be more than what the rest of the world has combined in the same banks. This staggering amount is 13 times greater than India's foreign debt. Let that sink in.

If stashing black money was an Olympic sport, India would undoubtedly be standing tall on the podium with a gold medal in hand.

Now imagine:
What if all the illegally parked black money, stowed away in foreign banks, was brought back to India?
What if it was invested in infrastructure, education, healthcare, and employment?
India could easily find its place in the top five economic powers of the world—not just in potential, but in tangible, measurable progress.

But here's the real question:
Why hasn’t the Indian Government asked Switzerland to release the names of the account holders?

The Swiss authorities have already stated clearly:
They are ready to disclose the details of these secret account holders—but only if the Indian Government makes a formal request.

And yet, silence.

Why this hesitation?
Why this lack of political will?
Is it because many powerful individuals might be exposed?

Until those questions are answered and actions are taken, the dream of transforming India with its own hidden wealth remains just that—a dream.

Sanjay Pattnayak
Sundargarh