India to create 238 new billionaires by 2027, says study

India to be second-highest billionaire-creating country after China


Number of billionaires in India will grow by 200 per cent over the next 10 years, says a study by AfrAsia Bank Global Wealth Migration Review. India will have 357 billionaires in 2027 — third highest globally — as against 119 in 2017. “We expect growth to be driven by strong new business formation in the local financial services, IT, business process outsourcing, real estate, health care and media sectors,” says Andrew Amoils, head of research at New World Wealth. Source: AfrAsia Bank Global Wealth Migration Review