India expected to be among top performing wealth markets: Report
The report noted that the global wealth migration is accelerating with near about 82,000 HNWIs having migrated in 2016.
With the global wealth expected to rise by 35% over the next decade, India is likely to remain among the top performing wealth markets along with China, Mauritius, Sri Lanka and Vietnam, a report said on Wednesday.
The report titled `The 2017 Global Wealth Review` lists global wealth and its migration trends over the past year (2016), with projections up to 2026.
"Global wealth is expected to rise by 35% over the next decade (2016-2026). The top performing wealth markets are expected to be Vietnam, China, India, Mauritius and Sri Lanka," the report by global wealth intelligence and market research company `New World Wealth` said.
"There are approximately 13.6 million HNWIs (high net worth individuals), i.e. millionaires, in the world at the end of 2016 while the worldwide HNWI wealth stood at $69 trillion," it said.
The report noted that the global wealth migration is accelerating with near about 82,000 HNWIs having migrated in 2016, compared with just 64,000 in 2015.
For the second straight year, Australia tops for millionaires` inflow, beating traditional destinations such as the US and the UK, it added.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
05:00 PM IST