SPECIAL COVERAGE
CHANDIGARH

LUDHIANA

DELHI


THE TRIBUNE SPECIALS
50 YEARS OF INDEPENDENCE

TERCENTENARY CELEBRATIONS


M A I N   N E W S

India joins 1 lakh millionaire league

New Delhi, June 28
Riding high on strong economic growth and robust gains in stock markets, the number of millionaires in India has crossed one lakh mark — emerging as the world’s second fastest growing nation after Singapore.

The number of high net worth individuals (HNWI) — with a net asset of atleast $1million — increased by 20.5 per cent to 1,00,015 in India last year, second only after 21.2 per cent growth in Singapore, according to the World Wealth Report released by Merrill Lynch and Cap Gemini today.

Besides India, countries like Australia, Brazil, Canada, China, Germany, Russia, the UK and the USA also have more than one lakh persons with at least $1 million in net assets, excluding their primary residence and consumables.

The number of Indian millionaires stood at about 83,000 in 2005. The worldwide population of HNWIs increased by 8.3 per cent to 9.5 million, while their collective wealth rose by 11.4 per cent to $37.2 trillion in 2006, it says.

Driven by strong gains in countries like India, Singapore and China, the HNWIs’ combined wealth in Asia increased by 10.5 per cent to $8.4 trillion. — PTI

Back

 





HOME PAGE | Punjab | Haryana | Jammu & Kashmir | Himachal Pradesh | Regional Briefs | Nation | Opinions |
| Business | Sports | World | Mailbag | Chandigarh | Ludhiana | Delhi |
| Calendar | Weather | Archive | Subscribe | Suggestion | E-mail |