India contributes 7% to global wealth rise, says Credit Suisse report

Global wealth has risen by $9 trillion to $360 trillion in 2019, according to the Credit Suisse Research Institute (CSRI). India has made a contribution of $625 billion (nearly 7% of total) to the global wealth. The biggest contribution has come from the US at $4 trillion (45% of total) and China at $1.9 trillion (21% of total).

The average wealth per adult globally stood at $70,849, according to the 10th edition of the Global Wealth Report published by CSRI. Wealth per adult for India at $14,569 is nearly 80% below the global average. The US and Europe have the