what is the total net of India in Is dollar
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India 6th wealthiest country with $8,230 billion; saw 25% jump in net worth last year: Report
India has been ranked sixth in the list of wealthiest countries with total wealth of USD 8,230 billion, while the United States topped the chart, says a report.
India may be among the poorest countries in the world with one in three people on this planet living here, but it is certainly a place for rich. The richest 1 per cent lot in India owns 73 per cent of the wealth generated in the country in 2017, this year's Oxfam survey revealed. Notwithstanding the income inequality, India has made it to the sixth spot with total wealth of $8,230 billion, in a list of top 10 wealthiest nations, according to a report by New World Wealth.
Not only that, the country is on the third spot in terms of resident billionaires with 119 individuals in the list. The report says India's wealth took a sharp jump of almost 25 per cent in 2017 as compared to 2016 when its net wealth was around $6,584 billion. Rated as best performing market globally, India has 3.3 lakh HNWIs (high-net-worth individuals), ninth highest in the world, while the country has 20,730 multi-millionaires, which is seventh largest.
"In general, it was a good year for all W10 (wealthiest 10) markets, thanks to strong global stock market gains - the MSCI world index was up 23 per cent and the Dow Jones (DJIA) was up 26 per cent during the year (in USD terms)," the report said, adding "wealth held in China, India, USA, Japan and Australia all grew strongly over the past year".
US, China, Japan wealthiest nations
Overall, the United States has retained the first spot with the total wealth of $64,584 billion in 2017, followed by China with $24,803 billion and Japan with $19,522 billion at third.
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Henry A. Fischel was an American-German professor emeritus of Near Eastern languages and cultures at Indiana University. Fischel was an influential figure in founding the Jewish Studies Program at Indiana University.
