Decline in the number of billionaires in the country but wealth increased

Mumbai: India is one of the countries in the world where the gap between rich and poor is very large. A report about this also indicates this. The wealth of the rich in India may have increased, but their number has decreased. The growth rate of wealth of the rich has come down to 9.62 percent in 2018, from 13.45 percent a year ago. However, the number of these rich or billionaires has decreased during this period. This fact has been revealed in a report.

According to the Karvy Wealth Management report, the number of rich people has come down to 2.56 lakh in 018 from 2.63 lakh in 2017. Another surprising thing has come out in the report that these billionaires have put most of their money in the stock market. The report said that these rich people had a total assets of Rs 430 lakh crore in 2018. He had assets worth Rs 392 lakh crore in 2017. This report has come at a time when questions are being raised about the widening gap between rich and poor.

The rich are becoming more wealthy, while the poor are becoming poorer. According to the report, out of the assets held by the rich, there are financial assets worth Rs 262 lakh crore, while the rest are immovable assets. Overall its ratio is maintained at 60:40. The highest in financial assets is Rs 52 lakh crore in the form of direct equity investment. The growth in this category has come down to 6.39 per cent in 2018 from 30.32 per cent in 2017.

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