|Wealth distribution in India!|
|17 Oct 12 07:35 AM|
Credit Suisse global wealth report informs that a very small portion of Indians have a net worth above $100,000.
According to the report India has 2.4 lakh high net worth individuals, of which 1,500 have wealth distribution in india over $50 million and 700 with more than $100 million. .
According to the Credit Suisse numbers, in India, the top 1% of the population own 15.9% of India’s wealth distribution, the top 5% own 38.3% and the top 10% have 52.9%, more than half the country’s wealth distribution. In contrast, the bottom 20% own 1% of the country’s assets and the bottom 10% own just 0.2%. 0.4% of the population own assets with a value exceeding $100,000.
If this report is true then we will have to conclude that the wealth distribution in India is very poor. Interestingly, the wealthiest 1% of the global population own 43% of global assets. The richest 10% of the world own 83% of global assets.
How will this information affect the stock market? Let us discuss it tomorrow.
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