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Poor Country with Lot of Millionaires

Others 446 views 4 replies

The number of dollar-millionaires in India surged to a record high of 1.53 lakh (153,000) in 2010, making the country's high net worth individual (HNI) population 12th largest across the globe, as per a global study.

The increase in India's HNI population has also helped Asia-Pacific overtake Europe as the region with the second-highest number of millionaires, as per the annual World Wealth Report of Merrill Lynch Wealth Management and Capgemini.

"India's HNI population became the world's 12th largest in 2010, entering the top 12 for the first time," the report said.

At the same time, Indian millionaires also showed growing interest in investments like luxury collectibles (luxury cars, boats and jets), as also in sports, the annual survey found.

Replies (4)

this shows how the money of INDIA is in the hands of some little people. very strange

Originally posted by : future ca

this shows how the money of INDIA is in the hands of some little people. very strange

Very notable topic.smile.
Originally posted by : Hardik Dave
Very notable topic.smile.


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