Among all the problems and issues our country is facing right now, here comes a relief. As per the latest study by New World Wealth, India is among the Top countries with most wealth in 2017.
The report suggests that India had a total wealth of $ 8,230 billion in 2017 which makes it stand on 6th rank in the world.
Apart from this, India has also been the best-performing country in 2017 as the growth of wealth was 25% which is the highest. From a mark of $ 6,584 billion, India reached an $8,230 mark.
Coming back to the total wealth rank, India is only behind the countries like USA, China, Japan, UK & Germany.
As the top contender, USA has a total wealth of $ 64,584 billion. China being on the 2nd rank holds a wealth of $ 24,803 billion. Japan has $ 19,522 billion, UK has $ 9,919 billion and Germany has $ 9,660 billion.
Take a look at the complete chart-
The reports have been created considering the private wealth held by all the individuals living in each country/city. It includes all their assets (property, cash, equities, business interests) minus any liabilities. The report, however, doesn’t include any government funds from its figures.
Interestingly, our country has also shown a great growth in total wealth over the last 10 years. In the period of 2007-17 India’s total wealth increased from $ 3,165 billion to $ 8,230 billion in 2017 which is a jump of 160 percent.
Apart from this, the report also notes that India has 3,30,400 HNWIs (High-net-worth individuals) which means the individuals with USD 1 million or more in net assets. This makes our country stand on the 9th rank in the world.
Also in India, there are 20,730 multi-millionaires which is 7th largest number in the world. There are 119 resident billionaires which is among the top three countries globally, after the US and China.