Over the past 13 years, India has witnessed a strong
growth in wealth. Every year, global investment banks, like the Swiss
banking conglomerate Credit Suisse, put out an estimate of the world’s
rich. These banks offer privileged services to the world’s rich.
Here are few facts about the wealth trend in India based on a report by Credit Suisse:
1. The total wealth in India is estimated at $ 3.6 trillion. The world’s wealth is estimated at $ 241 trillion. Nearly a third of that wealth at $ 72 trillion is in US.
2. Wealth per adult in India grew to $ 4,700 in 2013 from $ 2,000 in 2000, according to a survey by CSFB, a Swiss bank. Although the sharp 20% fall in the rupee since 2008 hurt the rich, wealth per individual rose at an average rate of 8% in rupee terms.
3. Indians, like people in many other developing countries, have 86% of the household wealth in property.
4. Personal debt stands at $296 per adult, the lowest in the world. However, the bank perceives that liabilities of poor households in India are under reported.
5. About 94% of India’s population of 1.2 billion has wealth below $ 10,000.
6. Only 0.4% of India’s population has net worth of over $ 100,000. However, due to a large population base, this is 2.8 million or 28 lakh people.
7. As many as 254,000 people or 0.5% of the world’s rich are in India.
8. There are 1,760 ultra-net worth individuals with wealth of over $ 50m and 770 with wealth of $ 100m in India.
9. India has 184,000 people with networth of over $ 1 million while the city-state of Singapore has 172,000 such people. America accounts for a staggering 42% of the world’s millionaires at 13.2m.
10. Indians own less financial assets per household in comparison to
the rest of the world. Financial assets account for 43% of gross
household assets in Europe and 67% in North America, but just 14% in
India.Here are few facts about the wealth trend in India based on a report by Credit Suisse:
1. The total wealth in India is estimated at $ 3.6 trillion. The world’s wealth is estimated at $ 241 trillion. Nearly a third of that wealth at $ 72 trillion is in US.
2. Wealth per adult in India grew to $ 4,700 in 2013 from $ 2,000 in 2000, according to a survey by CSFB, a Swiss bank. Although the sharp 20% fall in the rupee since 2008 hurt the rich, wealth per individual rose at an average rate of 8% in rupee terms.
3. Indians, like people in many other developing countries, have 86% of the household wealth in property.
4. Personal debt stands at $296 per adult, the lowest in the world. However, the bank perceives that liabilities of poor households in India are under reported.
5. About 94% of India’s population of 1.2 billion has wealth below $ 10,000.
6. Only 0.4% of India’s population has net worth of over $ 100,000. However, due to a large population base, this is 2.8 million or 28 lakh people.
7. As many as 254,000 people or 0.5% of the world’s rich are in India.
8. There are 1,760 ultra-net worth individuals with wealth of over $ 50m and 770 with wealth of $ 100m in India.
9. India has 184,000 people with networth of over $ 1 million while the city-state of Singapore has 172,000 such people. America accounts for a staggering 42% of the world’s millionaires at 13.2m.
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