As per AfrAsia Bank Global Wealth Migration Review 2018, India is the sixth wealthiest country in the world with a total wealth of $8,230 billion.
2. China
3. Japan
4. UK
5. Germany
6. India
7. Australia
8. Canada
9. France
10. Italy
- According to the report, the United States is currently the wealthiest country in the world with a total wealth of $62,584 billion.
- It is followed by China ($24,803 billion) and Japan ($19,522 billion).
- Between 2017 and 2027, India's wealth is projected to grow by 200 per cent, the fastest rate among the wealthiest nations.
- The AfrAsia Bank Global Wealth Migration Review 2018 sees India's wealth increasing from $8,230 billion to $24,691 billion within a decade to make it the fourth wealthiest nation.
- In the past decade, India has already witnessed an increase of 160% in the private wealth.
- Total wealth in the report refers to the private wealth held by all the individuals living in each country, including all their assets.
- India also emerged as the Nest Performing wealth Markets registering 25% growth in total wealth in 2017.
- The top 10 wealthiest countries as per the report are as follows-
2. China
3. Japan
4. UK
5. Germany
6. India
7. Australia
8. Canada
9. France
10. Italy