Indian households build USD 9.7 trillion wealth in a decade, driving economic shifts: Morgan Stanley
1 month, 1 week ago

Indian households build USD 9.7 trillion wealth in a decade, driving economic shifts: Morgan Stanley

India TV News  

Indian households have accumulated USD 9.7 trillion in wealth over the last 10 years, according to a new report from Morgan Stanley. Wealth accumulation and economic change The Morgan Stanley report revealed a decade of accumulated wealth among Indian households, totaling USD 9.7 trillion. The trend in the economy The report identified a trend in “financialization,” where households shift more wealth from traditional physical assets to financial assets. Capital markets in boom phase Morgan Stanley also highlighted India’s strong capital markets, which it described as being in a “boom phase” with potential for future growth.

India Financial Wealth Indian Morgan Stanley Usd Morgan Stanley Financial Assets Indian Households  wealth  households  assets  indian  stanley  markets  economic  trend  shifts  financial  morgan  driving  usd  trillion

History of this topic

Patralekha Chatterjee | Why isn’t rising inequality turning into a poll issue?
8 months, 3 weeks ago

Patralekha Chatterjee | Why isn’t rising inequality turning into a poll issue?

Deccan Chronicle  

The view from the penthouse and the pavement is staggeringly different. By 2022-23, the top one per cent income and wealth shares are at their highest historical levels; India’s top one per cent income share is among the very highest in the world, higher than even South Africa, Brazil, and the United States, notes the paper, titled “Income and Wealth …

Inequality rising since 2000s, top one per cent in India holds 40 per cent wealth: study
9 months ago

Inequality rising since 2000s, top one per cent in India holds 40 per cent wealth: study

The Hindu  

Published : Mar 23, 2024 13:17 IST - 5 MINS READ Inequality in India has skyrocketed since the early 2000s, with the income and wealth share of the top one per cent of the population rising to 22.6 per cent and 40.1 per cent, respectively, in 2022-23, according to a working paper. The paper authored by Thomas Piketty, Lucas Chancel, …

Indian ultra-rich individuals projected to rise 50 per cent by 2028: Knight Frank Wealth Report
9 months, 3 weeks ago

Indian ultra-rich individuals projected to rise 50 per cent by 2028: Knight Frank Wealth Report

India TV News  

Knight Frank Wealth Report 2024: The number of Indian ultra-high-net-worth individuals is expected to increase to as high as 19,908 by 2028 from 13,263 in 2023, leading to a 50.1 per cent growth in their numbers. During the same period, the consultancy, in its flagship report, 'Knight Frank Wealth Report 2024', expects the number of wealthy individuals globally is expected …

India to have 100 million affluent citizens by 2027, claims report
11 months, 1 week ago

India to have 100 million affluent citizens by 2027, claims report

Hindustan Times  

India's affluent class is expected to be 100 million by 2027, a report by Goldman Sachs stated on Friday, adding that the indigenous companies selling premium goods will outperform the broad-based rivals. According to the Goldman report, the purchasing power of top earning Indians has increased in the past decade, due to a strong economic growth, stable monetary policy and …

Are Indians saving enough? There is no clear answer
1 year, 2 months ago

Are Indians saving enough? There is no clear answer

Live Mint  

Indian household borrowings rose sharply last year, as per recently released Reserve Bank of India data. This led to a decline in household net financial savings—defined as household financial savings during the year minus financial borrowings—to just about 5% of nominal gross domestic product in 2022-23, a 2.5% annual drop. In fact, net household financial savings seem to be still …

'Successful investing is a piece of art' says Motilal Oswal’s Raamdeo Agrawal
1 year, 11 months ago

'Successful investing is a piece of art' says Motilal Oswal’s Raamdeo Agrawal

Live Mint  

Successful investing is a piece of art," says Raamdeo Agrawal, chairman and co-founder of Motilal Oswal Financial Services. Agrawal, and his team, recently brought out the 27th edition of Motilal Oswal’s Annual Wealth Creation Report tracing India’s successful companies. “There’s a lot of liquidity, the economy is bigger, and the opportunity size in India is growing at 12% every year. …

Number Theory: How rich are India’s richest – and how poor are the rest?
2 years, 9 months ago

Number Theory: How rich are India’s richest – and how poor are the rest?

Hindustan Times  

The scourge of wealth inequality is a global phenomenon. In a recently released working paper “The sky and the stratosphere: concentrated wealth in India during the lost decade”, we studied the changes in the household wealth distribution between 2012 and 2018. Official data suggests that the Gini coefficient of per adult household wealth in India fell from 0.718 in 2012 …

Number of Indian billionaires rose to 142 in 2021
2 years, 11 months ago

Number of Indian billionaires rose to 142 in 2021

New Indian Express  

NEW DELHI: The number of Indian billionaires grew from 102 to 142, while 84 per cent of households in the country suffered a decline in their income in 2021, which was also a year marked by tremendous loss of life and livelihoods, according to non profit Oxfam India's latest report published on Monday. It indicates that the collective wealth of …

Forbes list of 100 richest Indians sees 50% wealth rise, Mukesh Ambani retains top spot
3 years, 2 months ago

Forbes list of 100 richest Indians sees 50% wealth rise, Mukesh Ambani retains top spot

India Today  

The fortunes of India’s richest have witnessed a 50 per cent rise during the Covid-19 pandemic, according to the Forbes list of 100 richest Indians in 2021. The combined wealth of 100 richest Indians on the 2021 Forbes List jumped to a record $775 billion after — a rise of $257 billion or 50% over the past 12 months. MUKESH …

Asset ownership data a stark reminder of inequality
3 years, 3 months ago

Asset ownership data a stark reminder of inequality

New Indian Express  

A National Sample Survey report on ownership of assets has revealed that about 10% of Indians own over 50% of the total assets, with the skew greater in urban areas. This government survey falls more or less in line with reports prepared by NGOs and other agencies, which have stressed that while poverty is declining and growth opportunities have increased, …

Wealth Earned by 100 Richest Indians During Pandemic Can Give 13.8 crore Poorest Rs 94,000 Each: Report
3 years, 10 months ago

Wealth Earned by 100 Richest Indians During Pandemic Can Give 13.8 crore Poorest Rs 94,000 Each: Report

News 18  

India’s 100 top billionaires have seen their fortunes increase by Rs 12,97,822 crore since March last year when the COVID-19 pandemic hit the country and this amount is enough to give 13.8 crore poorest Indians a cheque for Rs 94,045 each. ”India’s 100 billionaires have seen their fortunes increase by Rs 12,97,822 crores since March last year which is enough …

Indian billionaires increased their wealth by 35% during the lockdown, says Oxfam report
3 years, 10 months ago

Indian billionaires increased their wealth by 35% during the lockdown, says Oxfam report

The Hindu  

Indian billionaires increased their wealth by 35% during the lockdown to ₹ 3 trillion, ranking India after U.S., China, Germany, Russia and France. Out of these, the rise in fortunes for the top 100 billionaires since the lockdown in March is enough to give every one of the 138 million poorest Indian people a cheque for ₹94,045 each, according to …

Explained: How a raging pandemic is widening India's wealth gap
4 years, 3 months ago

Explained: How a raging pandemic is widening India's wealth gap

India Today  

Ever since India gained Independence, the country has traversed a wave of ups and downs to finally become a global powerhouse over the last five years. In India, the wealth gap has been rising sharply during the ongoing pandemic as previous levels of income inequality were already high in the country. A January 2020 study by rights group Oxfam India …

India's Richest 1% Seeks to Maintain Wealth Share, While Millions Struggle to Climb Out of Poverty
6 years, 11 months ago

India's Richest 1% Seeks to Maintain Wealth Share, While Millions Struggle to Climb Out of Poverty

The Quint  

The Oxfam survey has released its annual report on wealth distribution, highlighting the stark wealth gap between the 1% and the rest of the population. India's richest 1 percent holds 58% of the country's wealth, with their wealth increasing by over Rs 20.9 lakh crore in 2017. This indicates that the wealth of the richest 1 percent is disproportionately high …

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