According to a study undertaken and figures compiled by the Economic Intelligence Union and Barclays Wealth,
India will have over four lakh millionaires in dollar terms by 2017 with an aggregate wealth of $1.7 trillion.The present enormity of the wealth can be compared to its present capitalization, which is between $ 1.2 trillion and $ 1.4 trillion.On the other hand , China will just have half that number (around 2 lakh) of milluionaires with an aggregate wealth of $ billion.
The main drivers for
The Indian mass affluent population will grow from negligible to nearly 20 lakh people in 2017.There will be around 19 lakh householdsthat will have half a million dollars each and 2.9 crore households that would have $ 100,000 each in wealth. The Indians are not managing their wealth creation for optimum results feels Satya Narayan Bansal,
No doubt Barkleys Wealth has given a rosy picture about