India: A country of millionaires & multimillionaires
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Just 42,800 people in a country of 1.2 billion admit to earning taxable incomes of ~1 crore or more, though India is fast emerging as a top performer in churning out millionaires and multimillionaires. About 31 million file tax returns. A study by New World Wealth, a Johannesburg-based wealth consultancy firm, confirms India as home to a large number of dollar millionaires (10th) and dollar billionaires (8th) in the world.
Business Standard decodes the numbers behind the growing super-rich club in India, as claimed by recent studies
Business Standard decodes the numbers behind the growing super-rich club in India, as claimed by recent studies
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First Published: Aug 08 2014 | 12:31 AM IST