Back to Career News

91% of India’s Adults Have Wealth Below ₹730,000: Report

November 10, 2018

91% of India’s Adults Have Wealth Below ₹730,000: Report
A recent study by Credit Suisse reveals that there is a huge disparity between India’s status as the world’s growing economy and the actual financial status of its adult population. 

Although India is ranked 6 in terms of ultra-rich population, the people that come under the base-tier wealth i.e. less than $10,000 or ₹730,000 make for 91% of the total population. In China, only 28.4% of the population comes under this category. Additionally, the mean wealth of an adult in India is $7,020, and that in China is $47,810.

Recommended for you ...

Axis Bank and Mastercard Launch Premium Credit Card for Small Business Owners
Axis Bank and Mastercard Launch Premium Credit Card for Small Business Owners

September 26, 2024

Banks Report Over 15% Growth in New Credit Card Additions: RBI Data
Banks Report Over 15% Growth in New Credit Card Additions: RBI Data

September 26, 2024

National Company Law Tribunal (NCLT) Approves Merger of IDFC and IDFC First Bank
National Company Law Tribunal (NCLT) Approves Merger of IDFC and IDFC First Bank

September 25, 2024

Chat on WhatsApp