According to a report by New World Wealth, India has been ranked sixth in the list of wealthiest countries with total wealth of USD 8,230 billion.
- The list has been topped by the United States which emerged as the wealthiest country in the world as the total wealth held in 2017 amounted to USD 64,584 billion, followed by China at the second place with USD 24,803 billion and Japan with USD 19,522 billion at third.
- Total wealth refers to the private wealth held by all the individuals living in each nation. It includes all their assets (business interests, cash, equities, property) less any liabilities.
- The report, however, excludes government funds from its figures.
- According to the report, India was the best-performing wealth market globally in 2017 as its total wealth swelled from 6,584 billion dollars in 2016 to 8,230 billion dollars in 2017, registering a 25% growth.
- Over the past decade (2007-2017) India's total wealth increased from USD 3,165 billion in 2007 to USD 8,230 billion in 2017, thus showing a jump of 160 percent.
- The report further noted that India is home to 3,30,400 HNWIs (individuals with USD 1 million or more in net assets).
Top ten countries on the list
- The United States of America ($64,584 billion)
- China ($24,803 billion)
- Japan ($19,522 billion)
- United Kingdom ($9,919 billion)
- Germany ($9,660 billion)
- India ($8,230 billion)
- France ($6,649 billion
- Canada ($6,393 billion)
- Australia (U$6,142 billion)
- Italy ($4,276 billion)
