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Thursday, June 28, 2007

Millionaire club expands to 1,00,000

India has added over 17,000-dollar-millionaires in 2006, recording the highest growth in high net worth individuals (HNIs) after Singapore. At the end of the year, the number of millionaires in India rose to 1,00,000 from 83,000 in the previous year.This comes in the back of a record 8.8% real growth in gross domestic product, second only to China. Also, there has been a sharp increase in the asset values with the Sensex being among the best performing in emerging markets. According to the 11th annual world wealth report brought out by Capgemini and Merrill Lynch, Singapore, India, Indonesia and Russia witnessed the highest growth in HNI populations

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