India's super-rich club grows second fastest in world
LONDON: Indian economy may be facing a downturn, but all is not doom and gloom. A global wealth and investment report says India has recorded the second highest increase in the number of high net worth individuals (HNWI) - those having investable assets worth over $1 million.
India saw a steep decline in the number of HNWIs in 2011, but in 2012, it saw an increase by 22.2% and their wealth by 23.4%. As against 84,000 HNWIs in 2008 and 1,25000 in 2011, India was home to 1,53,000 such individuals in 2012. Altogether, these Indians were worth $589 billion.
IN MY VIEW : WE PEOPLE ARE STILL IN POOR,SO DEMOCRACY IS ON WRONG DIRECTION? EVEN US STOPPED OUTSOURCE OF Income to Indians after Mr.President Barack Obama sworn in ! is a 100% truth from my Opinion and feeling as a blogger.
Asia-Pacific built on this trend of strong performance in 2012, its HNWI population expanding by 9.4% to reach 3.68 million and their wealth by 12.2% to reach $12 trillion.
Jean Lassignardie from Capgemini Global Financial Services said, "GDP growth of 5.5% which is more than double the global average, combined with strong equity market performance across the region and strong real estate market performance in some markets, drove robust growth in Asia-Pacific's HNWI population and wealth in 2012".
How rich are we?
Percentage increase in number of super rich between 2011 and 2012
Hong Kong - 35.7%
India - 22.2%
Indonesia - 16.8%
Australia - 15%
China - 14.3%
Thailand - 12.7%
Singapore - 10.3%
Japan - 4.4%
In absolute terms, number of super-rich in India
2008 - 84,000
2009 - 1,26000
2010 - 1,53000
2011 - 1,25000
2012 - 1,53000
Where do India's super-rich invest
Real estate (26.5%)
Cash and deposits (22.7%)
Fixed income (17.7%)
Equities (17.4%)
Alternative investments (15.8%)
all these data create a feel that corruption could be in very high in Business in India is my view!.
I would like to establish a strong evident that confirms that Black Money is also generated with the Support of Government of India on date is may be right?. to know more on this please read my next post on Oil And Petroleum Products ?
LONDON: Indian economy may be facing a downturn, but all is not doom and gloom. A global wealth and investment report says India has recorded the second highest increase in the number of high net worth individuals (HNWI) - those having investable assets worth over $1 million.
India saw a steep decline in the number of HNWIs in 2011, but in 2012, it saw an increase by 22.2% and their wealth by 23.4%. As against 84,000 HNWIs in 2008 and 1,25000 in 2011, India was home to 1,53,000 such individuals in 2012. Altogether, these Indians were worth $589 billion.
IN MY VIEW : WE PEOPLE ARE STILL IN POOR,SO DEMOCRACY IS ON WRONG DIRECTION? EVEN US STOPPED OUTSOURCE OF Income to Indians after Mr.President Barack Obama sworn in ! is a 100% truth from my Opinion and feeling as a blogger.
Asia-Pacific built on this trend of strong performance in 2012, its HNWI population expanding by 9.4% to reach 3.68 million and their wealth by 12.2% to reach $12 trillion.
Jean Lassignardie from Capgemini Global Financial Services said, "GDP growth of 5.5% which is more than double the global average, combined with strong equity market performance across the region and strong real estate market performance in some markets, drove robust growth in Asia-Pacific's HNWI population and wealth in 2012".
How rich are we?
Percentage increase in number of super rich between 2011 and 2012
Hong Kong - 35.7%
India - 22.2%
Indonesia - 16.8%
Australia - 15%
China - 14.3%
Thailand - 12.7%
Singapore - 10.3%
Japan - 4.4%
In absolute terms, number of super-rich in India
2008 - 84,000
2009 - 1,26000
2010 - 1,53000
2011 - 1,25000
2012 - 1,53000
Where do India's super-rich invest
Real estate (26.5%)
Cash and deposits (22.7%)
Fixed income (17.7%)
Equities (17.4%)
Alternative investments (15.8%)
all these data create a feel that corruption could be in very high in Business in India is my view!.
I would like to establish a strong evident that confirms that Black Money is also generated with the Support of Government of India on date is may be right?. to know more on this please read my next post on Oil And Petroleum Products ?
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