The country's growth on both the number of HNIs and wealth is faster than the global average of 11.2 percent and 12 percent, respectively, the report by French tech firm Capgemini said
Budget 2018: Reduction in corporate tax, long term gains tax will make investments in SME stocks lucrative
The value of these companies or SMEs will increase as the future earnings projections will go up because of the reduced tax
World total wealth report: India 6th wealthiest country, home to 3,30,400 HNWIs; US tops chart with $64,584 bn
Total wealth refers to private wealth held by all individuals in a country or city that includes all their assets like property, cash, equities, business interests
India home to 4th largest population of high net worth individuals in Asia Pacific region: Capgemini report
India is home to the fourth largest population of high net worth individuals (HNWI) in the Asia Pacific region, with total wealth of USD 797 billion, says a Capgemini report.
Inequality is key socio-economic challenge for the region
According to the World Wealth Report 2013, released by Capgemini and RBC Wealth Management, the investable wealth of the world's High Net Worth Individuals (HNWIs) rebounded in 2012, growing by 10 per cent to reach a record high of USD 46.2 trillion, after declining 1.7 per cent in 2011.
The number of high net worth individuals in India with net assets of Rs 150 crore or more is expected to more than double over the next 10 years, rising by 137 percent in Mumbai and around 120 percent in Delhi