In the year 2020, where there has been an increase of 7.4 percent in the global wealth. At the same time, there has been a decline of 4.4 percent in total wealth in India during this period. According to the report, the average per capita wealth is decreasing rapidly in developing and underdeveloped countries. The effect of the depreciation of the rupee against the dollar has also been shown on the wealth of India’s rich. In the year 2019, where the number of millionaires in India was 7.64 lakh, in 2020 it has come down to 6.98 lakh.
According to the Global Wealth Report of Credit Suisse, the household wealth of every Indian household in India has declined by 4.4 percent, or about 440 trillion rupees ($ 594 billion). At the same time, the average per capita wealth has come down by 6.1 percent.
Per capita wealth above one million in the country
In the year 2020, the average per capita property in the country was Rs 10 lakh 57 thousand 177. According to this report by Credit Suisse, the per capita wealth in India has grown at an average rate of 8.8% annually from 2000 to 2020. Whereas its global average has been 4.8% during this period.
During 2020, the total wealth of the world has increased by 7.4 percent, while the per capita wealth has increased by 6 percent. According to the report, the wealth of North America and European countries has increased the most in 2020.
The wealth of the rich around the world including India increased
Despite the Corona epidemic, there has been no impact on the wealth of the rich during this period. The wealth of the richest people of America, China and Brazil including India has seen an increase during this period. There are 4,320 ultra high net worth people in the country i.e. rich people among the rich. The net worth of each of them is more than 3 billion 70 crore rupees.
At the same time, the wealth of the rich around the world has also seen an increase of $ 28.7 trillion and it was $ 418.3 trillion. At the same time, according to the report of Credit Suisse, in the year 2020, the number of millionaires in the whole world has increased to 5.61 crore. There has been an increase of 24 percent in people with ultra high net worth in the world.
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