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India:6th Wealthiest Country as per AfrAsia Bank Global Wealth Migration Review 2018

Published on May 21, 2018
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.
 India:6th Wealthiest Country as per AfrAsia Bank Global Wealth Migration Review 2018
  • 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-
1. US
2. China
3. Japan
4. UK
5. Germany
6. India
7. Australia
8. Canada
9. France
10. Italy
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