{"id":86522,"date":"2019-11-20T07:57:50","date_gmt":"2019-11-20T07:57:50","guid":{"rendered":"https:\/\/www.edristi.in\/?p=86522"},"modified":"2019-11-20T07:57:54","modified_gmt":"2019-11-20T07:57:54","slug":"global-wealth-report-2019","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/global-wealth-report-2019\/","title":{"rendered":"Global Wealth Report 2019"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Question: Consider the following statements regarding Global Wealth report 2019:<br> (1) US has contributed the most towards global wealth growth<br> (2) India is the one of the fastest wealth creators in the world<br> From the above correct statement\/s is\/are:<br> (a) Only(1)<br> (b) Only (2)<br> (c) Both (1) and (2)<br> (d) None of the above<br> Answer: (c)<br> Related facts:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The tenth anniversary edition of the Global wealth report published by the Credit Suisse Research Institute is the most comprehensive and up-to-date source of information on global household wealth. <\/li><li>Global wealth grew during the past year by 2.6% to USD 360 trillion and wealth per adult reached a new record high of USD 70,850, 1.2% above the level of mid-2018 with Switzerland topping the biggest gains in wealth per adult this year.<\/li><li>The US, China, and Europe contributed the most towards global wealth growth with USD 3.8 trillion, USD 1.9 trillion and USD 1.1 trillion respectively. <\/li><li>This year&#8217;s report also provides a deep dive into wealth in the 21st century.<\/li><li>While the century began with a &#8220;golden age&#8221; of robust and inclusive wealth creation, wealth growth collapsed during the financial crisis and never recovered to the level experienced earlier.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>India\u2019s context:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>India\u2019s total household wealth grew by 5.2% in dollar terms in the period, the Credit Suisse Global Wealth Report released on October 21, 2019.<\/li><li>Net wealth per adult grew at 3.3%, sharply slower than the average 11% growth rate reported in the 20 years to 2019.<\/li><li>India, however, remains one of the fastest wealth creators in the world, with household wealth in dollar terms growing faster than any other region.<\/li><li>The slowdown in wealth creation coincides with a downturn in the Indian economy, which grew at the slowest pace in six years in the three months ended 30 June. <\/li><li>Growth in private consumption expenditure also slumped to an 18-quarter low of 3.1% in the June quarter, indicating a negative wealth effect.<\/li><li>Overall, the Credit Suisse report found that non-financial assets of Indian households grew by 6.9% in 2018-19, outpacing the 1.4% growth in financial assets.<\/li><li>The last time household wealth grew at a slower pace was in 2017-18, when it expanded 2.6%. But that was largely due to the sharp weakening of the rupee in that year \u2014 a 7-8% rise in asset values was offset by an almost 5% currency depreciation.<\/li><li>In 2018-19, Indian asset prices grew at a slower pace of nearly 6% but foreign exchange fluctuations were more favourable.<\/li><li>The report estimates wealth per Indian adult at $14,569 (\u20b910.31 lakh as on 21 October). However, the average number is skewed heavily by a few wealthy individuals.<\/li><li>The report estimates that 78% of India\u2019s adult population has wealth below $10,000, while 1.8% of India\u2019s population has more than $100,000.<\/li><li>At the other extreme, 1,790 adults have wealth over $100 million. India accounts for 2% of the world\u2019s millionaires.<\/li><li>Indians hold an average of about $13,000 in physical assets and roughly $3,000 in financial assets. There is also a debt of $1,345 per adult.<\/li><li>The Credit Suisse report also found that the increase in household wealth in India in 2018-19 was mostly driven by rising home prices.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Links:<br><a href=\"https:\/\/www.credit-suisse.com\/about-us\/en\/reports-research\/global-wealth-report.html\">https:\/\/www.credit-suisse.com\/about-us\/en\/reports-research\/global-wealth-report.html<\/a><br><a href=\"https:\/\/www.livemint.com\/\">https:\/\/www.livemint.com\/<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: Consider the following statements regarding Global Wealth report 2019: (1) US has contributed the most towards global wealth growth (2) India is the one of the fastest wealth creators in the world From the above correct statement\/s is\/are: (a) Only(1) (b) Only (2) (c) Both (1) and (2) (d) None of the above Answer: [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":86523,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1087],"tags":[],"class_list":["post-86522","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-intne"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/86522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=86522"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/86522\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/86523"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=86522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=86522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=86522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}