Number of ultra-rich persons in India will be 4.37 Lakhs in 2018!!
Posted on: 09/Jul/2015 2:41:50 PM - No. of views : (2175)
A recent research reports that the number of ultra-rich Indians will rise to 4.37 Lakhs. This will further double by the year 2023!
The company �Wealth-X� has conducted this research.
It is estimated that the number of ultra-rich will increase considerably in the next 10 years in India & South Africa.
High percentage of youth in the population, higher level of education and higher entrepreneurship are cited as the reasons for this increase in number of ultra-rich. The increase in the number of rich people will directly increase sales of luxury items.
Decades of casteism in India were one of the reasons for different levels in the society. These social differences exist in Brazil & China as well.
