India has 153000 millionaires! 12th in World..

 

The emerging Indian Economy has taken the Indian entrepreneurs one step ahead making them more richer!

Previously we have seen many people doubling their wealth due to abnormal returns given by the Indian stock markets.  [Richest Indians]

The number of dollar-millionaires in India surged to a record high of 1.53 lakh (153,000) in 2010, making the country’s high net worth individual (HNI) population 12th largest across the globe.

At the same time, Indian millionaires also showed growing interest in investments like luxury collectibles (luxury cars, boats and jets), as also in sports, the annual survey found.

At the end of 2010, India’s HNI population stood at 153,000, up more than 20 per cent from 126,700 in 2009, when India was ranked 14th.

The worldwide population of HNIs rose by 8.3 per cent to 10.9 million, while their financial wealth grew by 9.7 per cent to $42.7 trillion.

The US is still home to the single-largest HNI segment in the world, with its 3.1 million HNIs accounting for 28.6 per cent of the global HNI population. [Source]

The main reason that has lead to the growth of the millionaires in India is the booming Indian Economy with the support of Global Economy.

According to (Report) annual World Wealth Report of Merrill Lynch Wealth Management and Capgemini.