Thanks to the rapid growth, Indian wealth per adult in rupees has
increased steadily at a rate of 8% annually over 2000-2014, according to the
investment bank Credit Suisse.
The fifth annual study by the Swiss bank of global wealth trends found
the median Indian wealth per adult was $4650 in mid 2014 well below
as compared to China which is USD 21,330 in 2014.Currency movements
often exacerbate the difference however still the difference is still very pronounced.
Household wealth in India is heavily skewed towards property and other
real assets which 86% of estimated assets. The 2014 Global Wealth Report shows global wealth is 20 per
cent above its pre-crisis peak and almost 40 per cent higher than the low
recorded in 2008.
While Indian wealth has strongly risen the gap between the rich and poor
is still high, as not everyone has shared in India’s growth. Ninety five
percent of the adult population has wealth below USD 10,000 on the other end only
0.3 percent has a net worth of USD100, 000.
Out of more than one Billion of us only 238, 000 Indian are the members
of the top 1% of global wealth owner.
The good news though is household wealth of India is projected to grow
by more than 50% by 2019.Go India.
No comments:
Post a Comment