Global Wealth Report shows rise in household wealth of India and rising disparity

The 7^th Global Wealth Report, issued by the Credit Suisse Research Institute says that global wealth has risen by 1.4% i.e USD 3.5 trillion to USD 256 trillion. However in India the household wealth has decreased by 0.8% i.e $26 billion to $3,099 billion in 2016.

• Even though India has 0.8% decrease in household wealth in terms of Dollar, in its own currency (INR) the wealth in India increased by 5.1% in 2016. The difference in both data is due to adverse currency exchange movements.
• Personal wealth in India is dominated by real assets. These real assets is 86% of the total household asset in India.
• As per the report the bottom poorest half of the world’s adults collectively own less than 1% of total wealth, while the wealthiest top 10% own 89% of all global assets.

Data about India in Global Wealth Report

1. 96% of the adult population has wealth below USD 10,000.
2. 3 % of the adult has wealth more than USD 100,000
3. 2,260 adults have wealth over USD 50 million
4. 1,040 adults have wealth more than USD 100 million.
5. The number of millionaires in India is projected to increase by 9.5% in the next five years to 2.8 lakh in 2021.

Japan registered the highest increase in global wealth among all countries, USD 3.9 trillion increase was registered by Japan. While The United Kingdom registered biggest loss in global wealth of USD 1.5 trillion.