India's economy became the world's fastest growing in the G20 developing nations during the last quarter of 2014, replacing the People's Republic of China. India's literacy and wealth are also rising. According to New World Wealth, India is the seventh richest country in the world with a total individual wealth of $5.6 trillion. However, it still has many social and economic issues like poverty and corruption. India is a founding member of the World Trade Organisation (WTO), and has signed the Kyoto Protocol.