The Annual World Wealth Report of Merrill Lynch Wealth Management and Capgemini reveals that there has been a rapid rise in the the number of High Networth Individuals (HNI) in India and that the growth is currently the fastest in the world. In 2010 country’s HNI number stood at1.53 lakh placing India among the top 12 HNI-populated nations for the first time ever. In 2009, India was at the 14th position with HNI population of 1,26,700.
Tags: HNI
It also means that within Asia-Pacific, India has the highest number of millionaires after Japan, China and Australia.
USA has the highest HNI population with 31,04,000 millionaires, followed by Japan, Germany, China, UK, France, Canada, Switzerland, Australia, Italy, Brazil and India. Among these top 12 countries India’s growth in HNI population is the highest at 20.8%.
India’s growth in HNI population helped Asia-Pacific region overtake Europe which has had the second highest number of millionaires.
