Indian millionaires to rise to 3.02 lakh by 2018: Credit Suisse

Oct 09 2013, 20:20 IST
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The number of millionaires in the country is expected to jump over 66 per cent at 3.02 lakh by 2018. Reuters The number of millionaires in the country is expected to jump over 66 per cent at 3.02 lakh by 2018. Reuters
SummaryAt present, the country has 1.82 lakh millionaires, Credit Suisse Research Institute said.

middle class and wealth have been swelling, not every one has been part of this growth story and there is still a great deal of poverty.

"This is reflected in the fact that 94 per cent of the adult population has wealth below USD 10,000," the report added.

There are 1,760 ultra high net worth individuals with wealth over USD 50 million and 770 UHNWIs with more than USD 100 million in India, the report added.

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