India 10th wealthiest in the world
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India is ranked 10 among the 20 wealthiest countries in the world in terms of private wealth held by individuals, says a report by Johannesburg-based The New World Wealth, a research consultancy that tracks the global wealth sector.
The value of total individual wealth in India - which includes property, cash, equities and business interests - is pegged at $3,492 billion in 2015, said the report titled The W20: The 20 Wealthiest Countries in the World .
Certain countries such as India and Indonesia only make the W20 due to their large populations. On a per capita basis, they are quite poor," the study noted. When it comes to ranking of countries based on per capita wealth, India at $2,800 takes the 20 th place in the list.
Interestingly, India figures among the top five countries on per capita wealth growth between 2000 and 2015. India's per capita wealth grew from $900 in 2000 to $2,800 in 2015, a jump of 211 per cent.
During the same period, four other countries' per capita wealth grew faster than India's. These are Indonesia (362 per cent), China (341 per cent), Russia (253 per cent), and Australia (248 per cent).
In the top 20 list for total individual wealth, India bettered Spain, Brazil, South Korea, Switzerland, Mexico, Netherlands, and Belgium, among others. The top five wealthiest countries included the US ($48,734 billion), China ($17,254 billion), Japan ($15,230 billion), Germany ($9,358 billion) and the UK ($9,240 billion).
Switzerland topped the country list ranked by per capita wealth in 2015 ($2,85,100) followed by Australia ($2,04,400), the US ($1,50,600), the UK (1,47,600), and Sweden ($1,46,000).