Question: According to a report recently released by Credit Suisse, by which rate total family wealth in India is expected to increase to $ 7.1 trillion by 2022?
(a) 7.5%
(b) 4.6%
(c) 7.9%
(d) 5.7%
Answer: (a)
Related Facts:
- According to a report released by Credit Suisse on November 14, 2017, the number of millionaires in India has reached a level of 245000.
- At the same time, the total wealth of families in India has also increased to $ 5 trillion.
- According to the report, by the year 2022, the number of millionaires in the country is expected to reach 372,000, while the total wealth of families is estimated to 7.1 trillion dollars by 7.5%.
- According to the report, since 2000, the proportion wealth of people in India has increased annually by 9.2%, which is more than 6% of the average global growth.
- The actual growth rate in the population is estimated at 2.2%.
- The growth of India’s property by 451 billion dollars reflects the 8th largest increase in the case of the rise in the wealth of one country on a global basis.
- Approximately 92% of the adult population has less than $ 10,000 worth; while on the other hand, the smallest share of the total population (only 0.5% of the adult population) has wealth over $ 100,000 which is only 4.2 million in regards to India’s large population.
- In India, much of the share of the private property is in the form of land and another real estate, which is around 86% of the total family wealth.
- The share of private sector in single property is estimated to be only 9%.
- Switzerland is at the first place in the world according to the per capita property, where the per-person property is $ 537600 in 2017.
- After this, Australia is at the second place with the wealth $ 402600 and the United States is third with $ 388,000.
- Since 2012, the total global capital has risen by a fast pace of 6.4% to $ 280 trillion.
- Global Wealth Report, 2017, is the 8th report of this series.
Reference:
https://economictimes.indiatimes.com/news/economy/indicators/india-home-to-245000-millionaires-household-wealth-at-5-trillion/articleshow/61644558.cms
https://www.credit-suisse.com/corporate/en/articles/news-and-expertise/global-wealth-report-2017-201711.html
https://www.credit-suisse.com/corporate/en/research/research-institute/global-wealth-report.html