India’s ultra-rich population is growing faster than anywhere else

[Vikrant]

India also need to grow its middle class at a fast rate. Nevertheless, it is a good news.

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India is adding ultra-high net worth individuals (HNWIs) at a staggering pace.

In 2017, the number of HNWIs in India grew 20% year-on-year, higher than in any other country, to 278,000, according to an Asia-Pacific Wealth Report by consultants Capgemini, released on Nov. 28. The overall wealth of these Indian heavyweights also expanded by 20% during the year to $1.1 trillion (Rs77 lakh crore).

Capgemini defines HNWIs as individuals who typically have at least $1 million in investment-worthy assets.

“In Asia-Pacific, India was the most fertile market for ultra-HNWI population (22.2%) and wealth (23.4%) growth. Comparatively, ultra-HNWIs in the rest of the world managed to sustain a 9.2% population growth momentum and 9.6% wealth growth momentum,” the report noted.

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India’s ultra-rich population is growing faster than anywhere else

 

[william the wie]

While good news China, Pakistan and Iran as military threats means that even more defense spending and taking more industry from China is needed bad.

 

[shockedcanadian]

They are a democracy. Better they grow than some Communist sob nation.

 

[william the wie]

They are a democracy. Better they grow than some Communist sob nation.

Modi may get somewhere with his attempt to reduce regulation and graft, at least that is the hope.

 

[OnePercenter]

India also need to grow its middle class at a fast rate. Nevertheless, it is a good news.

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India is adding ultra-high net worth individuals (HNWIs) at a staggering pace.

In 2017, the number of HNWIs in India grew 20% year-on-year, higher than in any other country, to 278,000, according to an Asia-Pacific Wealth Report by consultants Capgemini, released on Nov. 28. The overall wealth of these Indian heavyweights also expanded by 20% during the year to $1.1 trillion (Rs77 lakh crore).

Capgemini defines HNWIs as individuals who typically have at least $1 million in investment-worthy assets.

“In Asia-Pacific, India was the most fertile market for ultra-HNWI population (22.2%) and wealth (23.4%) growth. Comparatively, ultra-HNWIs in the rest of the world managed to sustain a 9.2% population growth momentum and 9.6% wealth growth momentum,” the report noted.

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India’s ultra-rich population is growing faster than anywhere else

The reason is very clear.

india based internet scams - Google Search

 

[longknife]

India's better off populations have access to excellent education that includes extensive courses in English and computer technology.

 

[william the wie]

India's better off populations have access to excellent education that includes extensive courses in English and computer technology.

And education is spreading further down the economic ladder.

 

[Vikrant]

India's better off populations have access to excellent education that includes extensive courses in English and computer technology.

Computer technology is certainly helpful in improving economy but as far as English is concerned, there are quite a few countries in the world that are not English speaking yet are quite rich.

 

[william the wie]

India's better off populations have access to excellent education that includes extensive courses in English and computer technology.

Computer technology is certainly helpful in improving economy but as far as English is concerned, there are quite a few countries in the world that are not English speaking yet are quite rich.

But you are missing out on the Fun of having someone from Ghana talking to someone from Sri Lanka both speaking their native English and communications unintelligible.

 

[Vikrant]

They are a democracy. Better they grow than some Communist sob nation.

I like India's live and let live attitude.