India among world's 10 richest countries: new wealth report

[IndoCarib]

Dubai: India, China and Japan are still among the richest countries in the world, according to a new report, despite a decline in private wealth last year due to stock market and currency fluctuations.

The New World Wealth’s latest study ranked India as the sixth richest state in terms of private wealth in 2018, with $8,148 billion held by all people living in the Asian country.

The total amount of wealth held by Indians last year was one per cent less than in 2017, when combined fortunes of private individuals reached $8,230 billion. Wealth refers to the net assets of a person and it includes all their properties, cash, equities and business interests.

The United States (US) has retained its crown as the most affluent country in the world, with total wealth held privately amounting to $60,707 billion in 2018, down by 3 per cent from the previous year.

The combined fortunes of Chinese individuals also dropped by five per cent to $23,563 billion, but China has held its spot as the second-wealthiest state globally, followed by Japan (with $19,131 billion), United Kingdom ($9,125 billion) and Germany ($8,790 billion).
Overall, people around the world saw their fortunes drop by five per cent last year, from $215 trillion at the end of 2017 to $204 trillion at the end of 2018, as global stock markets and global property markets dipped across the board.

All major global stock market indices, for example, were down during the year. The Dow Jones Industrial Average and S&P 500 index posted a six per cent decline, while the MSCI world index and MSCI emerging market index fell 11 per cent and 18 per cent, respectively.

“More importantly, all major currencies depreciated against the US dollar during the year, with the exception of the Japanese and Thai currencies, which appreciated only slightly,” said the New World Wealth report. “This had a major impact as all our wealth figures are in $ terms.”

World’s 10 richest countries (Value of wealth in $ billion) 2018
1. United States: 60,707

2. China: 23,563

3. Japan: 19,131

4. United Kingdom: 9,125

5. Germany: 8,790

6. India: 8,148

7. Australia: 6,020

8. Canada: 6,009

9. France: 5,851

10. Italy: 3,849
https://gulfnews.com/business/perso...t-countries-new-wealth-report-1.1555505953243

 

[The SC]

This looks as strange and unbelievable as having billionaire parents, but kids don't have toilets..

 

[sinait]

This looks as strange and unbelievable as having billionaire parents, but kids don't have toilets..

Very very SAD that there are these crooked filthy rich Indians while MILLIONS of Indians die from hunger and malnutrition.
VERY SHAMEFUL INDEED.
.

 

[Laozi]

This looks as strange and unbelievable as having billionaire parents, but kids don't have toilets..

What really is strange, is your flags and your rank and your infatuation

 

[The SC]

What really is strange, is your flags and your rank and your infatuation

What a stupid and ignorant comment...Go cry somewhere else..Your country is one of the "richest" on the planet and you still S**t in the street.. it is normal for you.. nothing strange!?
Worst yet some like you Sh*t from their mouth..

 

[phancong]

Very very SAD that there are these crooked filthy rich Indians while MILLIONS of Indians die from hunger and malnutrition.
VERY SHAMEFUL INDEED.
.

In India wealthy Indian didn't lose much of their fortune with the world economy in the downturn except the poor Indian took the brunt of the fake India economy growth rate.

What a stupid and ignorant comment...Go cry somewhere else..Your country is one of the "richest" on the planet and you still S**t in the street.. it is normal for you.. nothing strange!?
Worst yet some like you Sh*t from their mouth..

Few Indian are the among riches in the world but billions of Indian are the poorest in the world.

 

[Dungeness]

Chinese members wouldn't post something like this, as we know there are still 30 millions Chinese who are living under poverty line.

 

[Laozi]

you still S**t in the street.. it is normal for you.. nothing strange!?
Worst yet some like you Sh*t from their mouth..

Obsession continues

 

[Skull and Bones]

Indians, no matter what their income is, save a significant percentage of their income in government bonds, gold and/or mutual funds, and average household have minimal debt. So the wealth accumulates over time.

 

[Fledgingwings]

What really is strange, is your flags and your rank and your infatuation

He is not wrong about toilets in india.Bollywood made a movie on this issue.

 

[GumNaam]

while the imf & world bank says they suspect indians of lying on their numbers...

 

[swnjo]

meh