India is the 6th wealthiest country, total wealth of $8,230 billion



                 As the latest report, India has been ranked sixth in the list of wealthiest countries with a total wealth of $8,230 billion, while the United States topped the chart and China at the second position, says a report.According to a report by New World Wealth, the US is the wealthiest country with a total wealth of $64,584 billion, followed by China (2nd, $24,803 billion) and Japan (3rd, $19,522 billion).


India is the 6th wealthiest country, total wealth of $8,230 billion


          The Total wealth refers to the private wealth held by all the individuals living in each country. It includes all their assets (property, cash, equities, business interests) less any liabilities. The report, however, excludes government funds from its figures.


        The report further noted that India was the best-performing wealth market globally in 2017 as its total wealth swelled from $6,584 billion in 2016 to $8,230 billion in 2017, registering a 25 percent growth.Others in the list include United Kingdom (4th, $9,919 billion), Germany (5th, $9,660 billion), France (7th, $6,649 billion), Canada (8th, $6,393 billion), Australia (9th, $6,142 billion) and Italy (10th, $4,276 billion).

          Meanwhile, during the period under consideration, China's wealth saw an increase of 22% and global wealth rose by 12% (from $192 trillion at the end of 2016 to $215 trillion at the end of 2017).

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India is the 6th wealthiest country, total wealth of $8,230 billion
Image Credit: Sambad


Source: TOI,Livemint,Sambad
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