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India’s wealth to double in 5 yrs: Report

New Delhi: India’s robust economic growth is likely to drive the country’s fortune to a whopping USD 6.4 trillion in the next five years, reflecting a nearly two-fold jump from the country’s current wealth, says a report.

According to the Credit Suisse Global Wealth Report published for the first time, the total wealth of India has trebled in a decade to USD 3.5 trillion. By 2015, the country’s wealth could nearly double to USD 6.4 trillion.

Besides, the global wealth, which stood at USD 195 trillion will rise by an impressive 61 per cent to USD 315 trillion by 2015, primarily driven by the robust economic expansion in the emerging markets.

Interestingly, Asia Pacific boasts of more billionaires than Europe. There are over 1,000 billionaires globally, of which 500 are in North America, followed by 245 in Asia Pacific and 230 in Europe.

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