India set to witness surge in billionaire entrepreneurs over next decade: UBS Report
billionaire entrepreneurs over the next decade, mirroring like China's growth in billionaires until 2020, says a report by UBS.
The report noted that the key factors such as rapid urbanization, digitalization, expanding manufacturing capabilities, and preparations for the energy transition are driving this momentum.
It said «It may well be that India's billionaire entrepreneurs multiply over the next 10 years just as China's did in the years until 2020».
According to recent data, the report also highlighted that the number of Indian billionaires has more than doubled, increasing by 123 per cent to 185 over the last 10 years up to April 2024. During the same period, their collective wealth has nearly tripled, rising by 263 per cent to an impressive USD 905.6 billion.
The report said «The number of Indian billionaires has more than doubled (+123 per cent) to 185 in the 10 years to April 2024 — our study period.»
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