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Where are you in India’s wealth distribution?
Wednesday, November 15, 2017 IST
Where are you in India’s wealth distribution?

92.3% of adults have wealth less than $10,000 while a negligible percentage, about 760 people, have wealth of over $100 million each
 

 
 

Credit Suisse’s latest annual Global Wealth Report says India is home to 245,000 dollar millionaires. The country has a share of 0.7% of the global top 1% by wealth, who collectively own half the world’s total wealth. In India, 340,000 adults are part of this elite group. There are 1,820 adult Indians who have wealth over $50 million, and, at the very apex, 760 have more than $100 million.
 
The chart shows India’s wealth pyramid. At the bottom, 92.3% of adults have wealth less than $10,000. Above that, in the $10,000 to $100,000 bracket, we have 7.2% of Indian adults. And 0.5% of us have wealth over $100,000.
 
Incidentally, the upper limit of the bottom bracket, or $10,000 is very high by Indian standards because median wealth in India is a mere $1,295 per adult.

 

 
 
 
 
 

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  Thought of the Day

Art is not the name of the copy of reality, art seems reality and that is the specialty of a true Art.
Premchand – the great Author of the India.

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Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST


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