Today news
About the same in other media
The wealth divide between India and China
Reading now: 724
₹8 crore) was 59 million in 2022. This is projected to increase to 86 million by 2027, led by China (112% increase in count between 2022 and 2027), Asia Pacific (57%) and Europe (43%).
The number of dollar millionaires in India is expected to grow 69%, but on a much smaller base. At the other end of the distribution, the report forecasts the number of adults with wealth below $10,000 to shrink from 52.5% in 2022 to 46.6%.
The share of adults in what the report calls the global middle class—those with wealth between $10,000 and $100,000—is projected to increase by 268 million by 2027. For India, the challenge remains to add big numbers in this segment and, even more importantly, those below.
Read more on livemint.comAbout this in other media
US reveals the difficulty behind having joint G20 declaration, says ‘Russia and China are less likely to…’ livemint.com /1 year ago
China touts the benefits of its 'Belt and Road' initiative to Italy, which may end the agreement abcnews.go.com /1 year ago
No link between Covid vaccines used in India and heart attack risk economictimes.indiatimes.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
