The G7 is a group of advanced economies in the world, and India is the fifth-largest economy in the world but still not a member of the G7. Here the question arises, why India is not in G7? What are the reasons behind it?, will G7 include India in future? Let's understand all the points and conclude why India is not in G7?
India is the second-most populous country in the world representing, around 18% of the world’s population.
India is the world’s fifth-biggest economy in terms of overall nominal GDP and the third biggest economy in PPP.
India is the world’s 7th biggest country in terms of area.
India is the world's biggest democracy.
India is the fifth-largest economy in terms of overall nominal GDP however the GDP per capita and wealth per capita of India are very less as compared to G7 member countries. India also lags in Human Development Index, that's why India is not a member of the G7.
The GDP per capita and wealth per capita of India are far lesser than the G7 countries. The average nominal GDP per capita income of G7 countries is around $45,000, whereas the average nominal GDP per capita income of India is around $2,000.
According to IMF and the world bank, India is a developing country, whereas G7 is a group of advanced developed countries.
In 2019 the president of the Russian Federation, Vladimir Putin had signalled support for the inclusion of China, India, and Turkey if G7 reinstates the Russian membership. There are chances that G7 can include India in future.
In 2020 under the Trump presidency, the U.S. had signalled support for the inclusion of Australia, Brazil, India, and South Korea, plus the re-incorporation of Russia.