Where are you in India’s wealth distribution?
1 min read 15 Nov 2017, 07:39 AM IST92.3% of adults have wealth less than $10,000 while a negligible percentage, about 760 people, have wealth of over $100 million each
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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.
