Source: The Hindu (Newspaper), September 5, 2016
India Ranks Second in Unequal Wealth:
Millionaires with net assets of $1 million or more, control over half of its total wealth, according to a wealth research firm called, 'New World Wealth.' Russia leads, as India comes second with 54% of its wealth in the hand of millionaires. It is the 10th richest country of the world with total individual wealth of $5,600 billion, though the average Indian is quite poor.
India Ranks Second in Unequal Wealth:
Millionaires with net assets of $1 million or more, control over half of its total wealth, according to a wealth research firm called, 'New World Wealth.' Russia leads, as India comes second with 54% of its wealth in the hand of millionaires. It is the 10th richest country of the world with total individual wealth of $5,600 billion, though the average Indian is quite poor.
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