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2,36,000 Crorepathis in India
Posted on: 14/Jul/2016 12:27:09 PM
A recent research has found out that there are 2,36,000 crorepathis in India. The total value of all their assets is Rs 1.5 lakh crore dollars, the research reports add. Further, this count will increase to 5,54,000 by the year 2025
The New World Wealth company had submitted a report in the name India 2016 Wealth Report. According to this report, there were 1,52,000 crorepathi in 2007 and it has increased by 55 percent and reached 2,36,000 crorepathi in 2015. It further states that in the year 2007, the overall value of all their assets and properties was 0.9 lakh crore dollars, but this has surged up by 67 percent and it is now 1.5 lakh crore dollars.
India has been doing well between 2007 and 2015, the report adds. There are a number of budding entrepreneurs in finance services, information technology, outsourcing, healthcare, etc. The total count of crorepathis in India will further increase. By 2025, the count will be 135 percent higher and reach 5,54,000.
However, government procedures to begin a new business in India is quite complex, especially after Narendra Modi took position as the Prime Minister.
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