India performs incredibly and tops with a boost of 25% in wealth market
 Source : NewsBharati  Date : 30-Jan-2018

Johannesburg, January 30: India was the best performing wealth market globally in 2017 as its total wealth swelled from 6,584 billion dollars in 2016 to 8,230 billion dollars in 2017, registering a 25 percent growth.

According to a report by New World Wealth, over the past decade (2007-2017) India's total wealth increased from USD 3,165 billion in 2007 to USD 8,230 billion in 2017, a jump of 160 percent.

Meanwhile, during the period under consideration China's wealth saw an increase of 22 percent and global wealth rose by 12 percent (from USD 192 trillion at the end of 2016 to USD 215 trillion at the end of 2017).

Also, India has been ranked sixth in the list of wealthiest countries with total wealth of 8,230 billion US dollars, while the United States topped the chart.

The report noted that the United States is the wealthiest country in the world as the total wealth held in 2017 amounted to 64,584 billion dollars, followed by China at the second place with 24,803 billion dollars and Japan with 19,522 billion dollars at third.

Total wealth, refers to the private wealth held by all the individuals living in each country. It includes all their assets. The report, however, excludes government funds from its figures.