NEW DELHI: India has been ranked sixth in the record of wealthiest international locations with total wealth of $eight,230 billion, whilst the United States topped the chart, says a report by New World Wealth.
According to the report, the United States is the wealthiest country on this planet as the total wealth held in 2017 amounted to $64,584 billion, adopted by China at the second position with $24,803 billion and Japan with $19,522 billion at 3rd.
Total wealth, refers to the personal wealth held by all the folks residing in each country/city. It includes all their property (belongings, cash, equities, business pursuits) less any liabilities. The report, on the other hand, excludes govt price range from its figures.
Others in the record include United Kingdom (4th, $nine,919 billion), Germany (fifth, $nine,660 billion), France (7th, $6,649 billion), Canada (eighth, $6,393 billion), Australia (9th, $6,142 billion) and Italy (10th, $4,276 billion).
The report additional famous that India used to be the most efficient acting wealth market globally in 2017 as its total wealth swelled from $6,584 billion in 2016 to $eight,230 billion in 2017, registering a 25 in keeping with cent growth.
Meanwhile, all through the duration into account China's wealth noticed an increase of 22 in keeping with cent and world wealth rose by 12 in keeping with cent (from $192 trillion at the end of 2016 to $215 trillion at the end of 2017).
Over the previous decade (2007-2017) India's total wealth greater from $3,165 billion in 2007 to $eight,230 billion in 2017, a jump of 160 in keeping with cent.
The report additional famous that India, is house to three,30,400 HNWIs (folks with $1 million or more in internet property). Globally, India used to be ranked 9th on this side whilst US topped the record with 50,47,400 HNWIs (high-net-worth folks).
India is also house to 20,730 multi-millionaires, 7th biggest on this planet. And with regards to resident billionaires+ , India with 119 such folks used to be named some of the most sensible 3 international locations globally, after america and China.
A billionaire is defined as an folks with $1 billion or more in internet property.
"In general, it was a good year for all W10 (wealthiest 10) markets, thanks to strong global stock market gains - the MSCI world index was up 23 per cent and the Dow Jones (DJIA) was up 26 per cent during the year (in US Dollar terms)," the report said, including "wealth held in China, India, USA, Japan and Australia all grew strongly over the past year".
According to the report, the United States is the wealthiest country on this planet as the total wealth held in 2017 amounted to $64,584 billion, adopted by China at the second position with $24,803 billion and Japan with $19,522 billion at 3rd.
Total wealth, refers to the personal wealth held by all the folks residing in each country/city. It includes all their property (belongings, cash, equities, business pursuits) less any liabilities. The report, on the other hand, excludes govt price range from its figures.
Others in the record include United Kingdom (4th, $nine,919 billion), Germany (fifth, $nine,660 billion), France (7th, $6,649 billion), Canada (eighth, $6,393 billion), Australia (9th, $6,142 billion) and Italy (10th, $4,276 billion).
The report additional famous that India used to be the most efficient acting wealth market globally in 2017 as its total wealth swelled from $6,584 billion in 2016 to $eight,230 billion in 2017, registering a 25 in keeping with cent growth.
Meanwhile, all through the duration into account China's wealth noticed an increase of 22 in keeping with cent and world wealth rose by 12 in keeping with cent (from $192 trillion at the end of 2016 to $215 trillion at the end of 2017).
Over the previous decade (2007-2017) India's total wealth greater from $3,165 billion in 2007 to $eight,230 billion in 2017, a jump of 160 in keeping with cent.
The report additional famous that India, is house to three,30,400 HNWIs (folks with $1 million or more in internet property). Globally, India used to be ranked 9th on this side whilst US topped the record with 50,47,400 HNWIs (high-net-worth folks).
India is also house to 20,730 multi-millionaires, 7th biggest on this planet. And with regards to resident billionaires+ , India with 119 such folks used to be named some of the most sensible 3 international locations globally, after america and China.
A billionaire is defined as an folks with $1 billion or more in internet property.
"In general, it was a good year for all W10 (wealthiest 10) markets, thanks to strong global stock market gains - the MSCI world index was up 23 per cent and the Dow Jones (DJIA) was up 26 per cent during the year (in US Dollar terms)," the report said, including "wealth held in China, India, USA, Japan and Australia all grew strongly over the past year".
India sixth wealthiest country with total wealth of $8,230 billion: Report
![India sixth wealthiest country with total wealth of $8,230 billion: Report]()
Reviewed by Kailash
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January 30, 2018
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