This thread is closed for all traffic and suitable action taken. Harish Kotian
-----Original Message----- From: AccessIndia [mailto:accessindia-boun...@accessindia.org.in] On Behalf Of ramji tripati Sent: 15 October 2014 15:23 To: accessindia@accessindia.org.in Subject: [AI] How many people in India are rich in 2014? I want share some general data and what interest all of us; particular to India. For the purpose of the report, they have taken into account only adult population. We continue to be a very poor country. So being rich is all the more significant in our country. For dollar to rupee conversion, the rate assumed is 1 USD = Rs.60. A country is considered rich, if the average wealth per person is over $100,000 (Rs.60 lakhs). The richest country in the world is Switzerland with average wealth per person of $581,000 (Rs.3.49 crores). The top ten richest countries in the world are Belgium, Denmark, Norway, Singapore, Sweden, Switzerland, Australia, France, UK and USA. India's average wealth per person is $4645 (Rs.2.79 lakhs) and the median wealth is $1006 (Rs.60 thousand). An average Swiss citizen is 125 times better off than an average Indian citizen. Median wealth of 60K implies half of our population is not even worth Rs.60,000. In fact 95% of the population in India has a wealth below $10,000 (Rs.6 lakhs). Inequality is a way of life. This is not only true for India but holds good for other countries as well. Globally, the top 1% of the population owns close to 50% of the wealth. Top 10% owns 87% of all wealth. The bottom 50% of the populations barely owns 1% of global wealth. 21% of the global population is classified as middle class- with a wealth of above $10,000 (Rs.6 lakhs) to $100,000 (Rs.60 lakhs). There are 128,200 individuals in the world who are worth more than $50 million (Rs.300 crores). There are 45,200 individuals in the world who are worth more than $100 million (Rs.600 crores). The total wealth of the world is $263 trillion. India's total wealth is $3.6 trillion. We are 18% of the world's population but have wealth of only 1.36%. 2.38 lakh Indians are members of top 1% of global wealth holders. 3.8 million Indians are members of top 10% global wealth holders. 1.82 lakh Indians are worth $ 1 million (Rs.6 crore) or more. 2.3 million (or) 0.3% adult Indians are worth $100,000 (Rs.60 lakhs) or more. So only top 0.3% of the India's population can be classified as rich according to the global yard stick of wealth => $100,000 Property and other real assets like gold contribute 86% of Indians wealth. -- With thanks and regards (Ramji Tripathi) Personal Assistant, BANARASA HINDU UNIVERSITY, Varanasi: 221005 Mob: 9453365780, 7524936161, 9454256751 Facebook ID: ramji.tripathi.503 Clean India Campaign: Let us also chip in! 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