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The wealth divide between India and China
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₹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.
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