Hi all,
Some 12/ 15 years ago, there was a report published in Australia, that there
were 17 million "Millionaires" in India, and in Dollar terms! I could and
did believe that, since there are a lot of very rich, and the country is so
big. That was then the total population of Australia; it is now 20 million
people. Looks like there are differing ways of getting to such statistics.
Can some knowledgeable person, explain and confirm either way? I is
interesting to know.
Nasci Caldeira
Melbourne
From: [EMAIL PROTECTED]
Subject: [Goanet]Merrier with more millionaires
Date: Sat, 11 Jun 2005 21:44:06 -0400
Washington, June 10, 2005
India's teeming millions are rising to a rich vortex. The number of
millionaires in India has shot up to 70,000 during 2004 ? a 14.6 per cent
rise over the previous year, in tandem with the country's overall growth
trends. The past year saw a whopping addition of 9,000 moneybags to India's
millionaires club.
The World Wealth Report 2005, released by Merrill Lynch and Capgemini in
New York on Thursday, points out that the Indian growth in the number of
millionaires is among the highest.
In global terms, however, the figure may still be at the low end. In
contrast to India's 70,000, Brazil has 98,000 millionaires, China 300,000,
UK 418,000 and the US a whopping 2,498,000.
When it talks of millionaires, the report means "high net worth
individuals" ? those with a net worth of at least US $1 million, excluding
their primary residence.
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Regards,
Carlos
