Wealth in India rose by 7.4% to $3.6 trillion in mid-2013. At present, Indians contribute 1.8% of the total ultra high net-worth individuals in the world.
“Wealth per adult in India is expected to rise at a CAGR of 9.3% to $6,600 by 2018,” the report said.
According to the report, aggregate global household wealth from mid-2012 to mid-2013 has gone up by 4.9% in dollar terms to touch $241 trillion. North America has become the world's wealthiest region for the first time since 2005, according to the report, gaining 11.9% or $8.4 trillion to reach $78.9 trillion.
“Despite the continuing challenges posed by the economic environment this year, Europe added $5.5 trillion in household wealth, an increase of 7.7%. Eurozone wealth per adult by mid-2013 has recovered more than half of the large loss experienced 12 months earlier, mainly due to rising equity prices,” the report observed.
Asia-Pacific, which accounts for 31% of global household wealth and 61% of the world's middle-class consumers, remains the key growth engine of the world economy and wealth creation, according to the report.
China is the top-wealth gainer in Asia Pacific. “China's household wealth increased 6.7% to $22.2 trillion or $22,230 per adult, third highest in the world behind the US and Japan,” the report noted.