India’s wealthy population records growth of 21%, Mumbai ranks 47th on the ‘city wealth index’ among 314 global cities.

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India’s wealthy population records growth of 21%, twice global average:Report



The super rich in the country belonging to the trophy (USD 500 mn + category) also grew by 18 per cent between 2016 and 2017 marginally above the global (11%) and the Asia average (16%). By the end of 2022 India is projected to have 340 individuals in this category at a growth rate of 70 per cent, the report said.

Mumbai ranks 47th on the ‘city wealth index’ among 314 global cities.



India’s financial capital Mumbai is ranked 47th on the city wealth index among 314 global cities and is also among the top 20 most costly global cities. Mumbai and Delhi are also among the top 10 markets to witness the highest addition in households earning more than USD 250,000 annually between 2017 and 2022, 


Mumbai is ranked 47th on the Knight Frank City Wealth Index among 314 global cities. The index is drawn from four major indicators such as wealth, investments, lifestyle and future. In terms of wealth alone where in the index measures the number of the Ultra high-net-worth individuals (UHNWIs), high-net-worth individuals (HNWIs) and rate of wealth generation in a city, Mumbai ranks in the top 20 with Delhi at 22nd and Bengaluru at 26th positions respectively.

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