India Takes Top Spot In Producing Wealthy Households – India Real Time – WSJ

India’s affluent-household club is growing quickly.

Over the next five years, the number of such households–meaning those with financial assets of $100,000 to $2 million –is expected to jump 10-fold, to 4.9 million, according to an Economist Intelligence Unit study. In percentage terms, India ranked first among the 32 nations covered in the report.

By that same year,  the total financial assets in these households should reach $879 billion, driven by significant “economic reforms, attention to infrastructure, a stable political outlook and positive investor sentiment,” according to the report.

via Report: India Takes Top Spot In Producing Wealthy Households – India Real Time – WSJ.

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One Comment to “India Takes Top Spot In Producing Wealthy Households – India Real Time – WSJ”

  1. India Takes Top Spot In Producing Wealthy Households –

    driven by significant “economic reforms, attention to infrastructure, a stable political outlook and positive investor sentiment,” as stated above.

    As an Indian by birth and now permanently settled in UK I am happy to note this. But a lot is still to be desired when infrastructure is concerned! I hope “infrastructure improvement” will be given priority by the relevant authorities to make faster progress in the years to come.

    Like

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