Ultra high net worth individuals: At 4,593, India fourth after US, China, Germany, says report


Source: thehindubusinessline.com thehindubusinessline.com

Key Topics in this News Article:

News Snapshot:

India had 912,000 millionaires, or 2% of 51.9 million millionaires globally, at end 2019: Global Wealth Report 2020 The wealth per Indian adult stood at $17,420 at end June 2020, up a tad from $17,300 as of 2019 end, recording growth despite the pandemic, according to a report by Credit Suisse. The annual growth of wealth per adult averaged 9.7 per cent over 2000-19 at current exchange rates, and 12.1 per cent with constant exchange rates. India had 912,000 millionaires, accounting for 2 per cent of the total 51.9 million millionaires globally as at the end of 2019, according to...