Earning My Money

BY ANKIT KUMAR
PGDM 1st SEM

India's wealth has tripled to $3.5 trillion in the last decade, says the Global Wealth Report launched by Credit Suisse Research Institute.
The report also said that by 2015, India's wealth could double to around $6.4 trillion. Contrary to popular belief, the report noted that India's wealth distribution was skewed towards the lower end of the wealth pyramid.
The proportion of adults holding $100,000 in India was very small – 0.4 per cent.
However, this group has been rapidly growing in recent years and would continue to do the same, considering the growth trajectory of the country, the report said.
From a global point of view, the number of billionaires stood at over 1,000. Out of these, North America accounted for the highest number of billionaires at 500, followed by Asia Pacific with 245 billionaires and Europe with 230.
The global wealth as of today, held by 4.4 billion adults comes to around $195 trillion, said the report.
It would grow by 61 per cent to reach $315 by 2015, the report added.







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