Know The Wealth Countries

Report Says India is a Wealth Country!!!
According to New World Wealth Report, India was ranked sixth in the list of wealthiest countries with the total wealth of US $8,230 billion in 2017.

The private wealth of Indians shot up 25 per cent between 2016 and 2017, taking the country to the sixth spot among the world top 10 wealthiest countries - one rank higher than in 2016. If you think that's impressive, consider this: Between 2017 and 2027, India's wealth is projected to grow by a whopping 200 per cent, the fastest rate among the wealthiest nations. In the bargain, the AfrAsia Bank Global Wealth Migration Review 2018 sees India's wealth ballooning from $8,230 billion to $24,691 billion within a decade to make it the fourth wealthiest nation. The country has already posted a 160 per cent increase in private wealth in the past decade.

The total wealth refers to the private wealth held by all individuals living in each country or city. It includes all their assets (property, cash, equities, business interests) less any liabilities. However, it excludes government funds.

Who are the top 10 most developed Nations:
Top 10 Wealthiest Countries are United States (1st, total wealth held US $ 64,584 billion), China (2nd, $24,803 billion), Japan (3rd, $19,522 billion), United Kingdom (4th, $9,919 billion), Germany (5th, $9,660 billion), France (7th, $6,649 billion), Canada (8th, $6,393 billion), Australia (9th, $6,142 billion) and Italy (10th, $4,276 billion).

India is in the pace of development in its economy:

India was the best-performing wealth market globally in 2017 as its total wealth swelled from the US $6,584 billion in 2016 to the US $8,230 billion in 2017, registering a 25% growth and continuing the same in the years and will continue the same for years to come.

Over the past decade (2007-2017) India’s total wealth increased from the US $3,165 billion in 2007 to the US $8,230 billion in 2017, a jump of 160%.

India is home to 3,30,400 HNWIs (individuals with the US $1 million or more in net assets). Globally, India was ranked 9th in this aspect while the US topped the list with 50,47,400 HNWIs (high-net-worth individuals).

Conclusion:
Concluding, India is also home to 20,730 multi-millionaires, 7th largest in the world and in terms of resident billionaires (individuals with the US $1 billion or more in net assets), India with 119 such individuals was named among the top three countries globally, after US and China.