If auctioned, what would be net worth of India including the land, minerals, technology, people (my intention here is not selling them as…

Answer by Balaji Viswanathan:

India has 3.288 million km² of land. 1  km² is about 247 acres. In other words India has 810 million acres of land.

I don't know the land prices of each piece of property. Thus, I will take a sampling done by ET – Great rural land rush: 3 to 100-fold rise in farm land prices may not bode well. Of course, some of the rural land will be unusable mountains & forests, while others might be precious metropolises like Mumbai. Thus, they sort of even out. I will just use a conservative figure of Rs. 1 million per acre for India.

That means the total land value of India is Rs. 810 trillion. That is about $13 trillion.

Let's add the minerals:

  1. Coal: We have 301 billion tons of coal – As a result of exploration carried out down to a depth of 1200m by the GSI and other agencies. A ton of coal costs about $56 now. 5 Year Coal Prices and Price Charts. That means our coal reserves alone is about $18 trillion.
  2. Oil: There is about 5.62 billion barrels of oil. At today's price of $80/bbl that is about $4 trillion.
  3. Gas: India has 1,437 billion cubic metres of gas. One Cubic Metre can get about $0.5. Our natural gas reserves is about $0.7 trillion.
  4. Iron: India has about 27 billion tonnes of iron ores. 1 DMT is $82. This about about $1.6 trillion.

I will just add the rest of the mineral resources at $10 trillion. That means India's total mineral reserves is about $34 trillion.

Just the land and the mineral reserves alone would be worth more than $47 trillion. I didn't add the value of forestry, the value of buildings, etc. Together we are looking at a value not less than $60 trillion [without the people, of course]. To put that in context, US annual GDP is ~$15 trillion.

If auctioned, what would be net worth of India including the land, minerals, technology, people (my intention here is not selling them as…

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