Gold Silver Reports – Where are you in India’s wealth distribution? – Credit Suisse’s latest annual Global Wealth Report says India is home to 245,000 dollar millionaires. The country has a share of 0.7% of the global top 1% by wealth, who collectively own half the world’s total wealth. In India, 340,000 adults are part of this elite group. There are 1,820 adult Indians who have wealth over $50 million, and, at the very apex, 760 have more than $100 million.
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India home to 245,000 millionaires, household wealth at $5 trillion: Report
Gold Silver Reports – India’s total household wealth stood at $5 trillion while the country is home to 2,45,000 millionaires, says a Credit Suisse report.
An Investment-Lite Growth Model?
Gold Silver Reports – An Investment-Lite Growth Model? – Cast your eyes on the accompanying chart. It’s well known now that the International Monetary Fund (IMF) has forecast 6.7% growth in India’s gross domestic product (GDP) this year, which will improve to 7.4% next year and further to 7.8% the year after next. That the slowdown in growth is temporary is indeed good news.