India ranked sixth in the list of the richest countries with total assets of $ 8.230 billion, while the United States was at the top of the list, according to a report.
According to a new World Wealth, the United States is the richest country in the world, with total assets of $ 64.584 billion in 2017, followed by China with $ 24.803 billion and Japan with $ 19522 million in third place.
Total wealth refers to the private wealth that all inhabitants of each country/city own. Contains all your assets (property, cash, shares, commercial interests) less all liabilities. However, the report excludes government funds from their figures.
Others on the list are the United Kingdom (4, 9919 trillion), Germany (5, 9660 trillion), France (7, 6649 trillion), Canada (8, 6393 trillion), USD), Australia (9,6142 trillion US dollars) and Italy (10.475 trillion US dollars).
The report also indicated that India’s total assets increased from USD 584 billion in 2016 to USD 830 billion in 2017, representing a growth of 25% on the world’s most performing wealth market in 2017.
Over the period, China’s wealth has risen 22 percent and global wealth has risen 12 percent (from $ 19.2 billion by the end of 2016 – $ 1.59 trillion at the end of the year) in 2017).
In the last ten years (2007-2017), India’s total assets have risen from $ 3,165,000,000 in 2007 to $ 8,230 trillion in 2017, an increase of 160 percent.
The report also indicated that India is home to 3,304,400 HNWIs (individuals with $ 1 million or more in net assets). Overall, India ranks ninth in this regard, while the United States ranks ninth. UU top list with 50.47.400 HNWI (persons with high purchasing power).
India has 20,730 billionaires, the seventh largest in the world. According to the inhabitants of the billionaires, India was counted among the three largest countries in the world after the USA and China with 119 of these people.
A billionaire is defined as a person with a net worth of $ 1 billion or more.
“Overall, the year was good for all W10 markets (the 10 richest) thanks to solid global equity market gains: the MSCI World Index rose 23% and the Dow Jones (DJIA) 26% year-on-year (in US dollars)”, The report said, “The wealth of China, India, the US, Japan and Australia has grown significantly over the past year.”