Analysis: The number of the wealthy increased in the country, big question; is demonetization’s effect was not negative?
Saturday - October 20, 2018 10:47 am ,
Category : WTN SPECIAL
7,300 person increased in one million dollar wealthy peoples list
The number of wealthy person having more than $ 1 million in the country reached 3.43 lakh
OCT 20 (WTN) - After the demonetization, it was being said that thousands of factories in the country were closed due to which millions of people became unemployed; it was also revealed that the rich also suffered a loss after the demonetization. But according to the latest report by Credit Suisse, financial services company, there has been an increase in the number of rich in the country.
According to the report, between June 2017 and June 2018, there has been an increase of 7,300 in the number of wealthy person of more than $ 1 million in the country. With this increase, in the end of June this year, the number of rich persons of more than $ 1 million has reached 3.43 lakh in India. If their total assets are calculated, then it will be worth 6,000 billion dollars.
According to Suisse's report, India is the country with the highest female billionaires (wealth of more than one billion dollars). According to the report, between June 2017 and June 2018, there were 18.6 percent of the world's women billionaires in India. But the share of Indian women in global prosperity is only 20 to 30 percent against other countries' contribution (40 percent).
This report says that by June 2018, the total number of rich people wealth of one million dollars or more is estimated to be 3, 43,000. For your information, let you know that the number of people in this category has increased by 7,300 in the last one year. Of these new affluent, 3,400 people have assets worth $50 million and newer 1,500 people have more than $ 100 million. That is to say, the number of millionaires in the country is gradually increasing.
According to the report, during this period, the country's property grew by 2.6 percent and it is close to $ 6,000 billion, but even after this, the per capita property in the country remained at $ 7,020 as the rupee was weak against the dollar. The report clearly states that by the year 2023, the difference between the rich- poor in India will increase. By that time, the disparity between the poor and the rich is being said to increase above 53%. According to the report, prosperity has increased in India, but every person doesn’t have a stake in this. Poverty is still a major problem in India. The total property of 91 percent of the country's youth is less than $ 20,000.
In the coming years, the number of such wealthy persons of having more than $ 1 million in the country will be 5,26,000, which will have a total wealth of $ 8,800 billion and this will deepen the gap between the rich and the poor. For your information, let you know that the personal wealth of people in India is in the form of real estate and other immovable properties. According to the report, in India, real estate property is a major contributor in assets. In the last 12 months, on the basis of increase in the country's prosperity, non-financial assets have registered an increase of 4.3 percent.
But the big question is, the way the demonetization was being called negative and it was being said that due to the demonetization, there was negative impact on industry, it was all negative publicity. Because if the business was closed due to the demonetization, then how the people became rich in the country? If this property is attached to the land then from where did the people got the money to purchase land? The increase in the number of rich people shows that there has been no negative effect of the demonetization, as the propaganda continues spread by the opposition.
OCT 20 (WTN) - After the demonetization, it was being said that thousands of factories in the country were closed due to which millions of people became unemployed; it was also revealed that the rich also suffered a loss after the demonetization. But according to the latest report by Credit Suisse, financial services company, there has been an increase in the number of rich in the country.
According to the report, between June 2017 and June 2018, there has been an increase of 7,300 in the number of wealthy person of more than $ 1 million in the country. With this increase, in the end of June this year, the number of rich persons of more than $ 1 million has reached 3.43 lakh in India. If their total assets are calculated, then it will be worth 6,000 billion dollars.
According to Suisse's report, India is the country with the highest female billionaires (wealth of more than one billion dollars). According to the report, between June 2017 and June 2018, there were 18.6 percent of the world's women billionaires in India. But the share of Indian women in global prosperity is only 20 to 30 percent against other countries' contribution (40 percent).
This report says that by June 2018, the total number of rich people wealth of one million dollars or more is estimated to be 3, 43,000. For your information, let you know that the number of people in this category has increased by 7,300 in the last one year. Of these new affluent, 3,400 people have assets worth $50 million and newer 1,500 people have more than $ 100 million. That is to say, the number of millionaires in the country is gradually increasing.
According to the report, during this period, the country's property grew by 2.6 percent and it is close to $ 6,000 billion, but even after this, the per capita property in the country remained at $ 7,020 as the rupee was weak against the dollar. The report clearly states that by the year 2023, the difference between the rich- poor in India will increase. By that time, the disparity between the poor and the rich is being said to increase above 53%. According to the report, prosperity has increased in India, but every person doesn’t have a stake in this. Poverty is still a major problem in India. The total property of 91 percent of the country's youth is less than $ 20,000.
In the coming years, the number of such wealthy persons of having more than $ 1 million in the country will be 5,26,000, which will have a total wealth of $ 8,800 billion and this will deepen the gap between the rich and the poor. For your information, let you know that the personal wealth of people in India is in the form of real estate and other immovable properties. According to the report, in India, real estate property is a major contributor in assets. In the last 12 months, on the basis of increase in the country's prosperity, non-financial assets have registered an increase of 4.3 percent.
But the big question is, the way the demonetization was being called negative and it was being said that due to the demonetization, there was negative impact on industry, it was all negative publicity. Because if the business was closed due to the demonetization, then how the people became rich in the country? If this property is attached to the land then from where did the people got the money to purchase land? The increase in the number of rich people shows that there has been no negative effect of the demonetization, as the propaganda continues spread by the opposition.
