India Loses Maximum Number of Rich


Bangalore: The global economic crisis has been affecting the high net worth of population and the global investable wealth in most of the major countries around the world. The global high net worth population has increased by 0.8 percent which 11 million according to the estimates by World Wealth Report 2012. But there has been a decrease in the global investable wealth by 1.7 percent at $42 trillion. Here is the list of countries,  some of which were able to witness an increase in global investable wealth whereas some recorded a decline.

India

The Republic of India is the second populous country and the most populous democracy. It is a federal constitutional republic which is governed by the Parliamentary system and consists of 28 states and 7 union territories. It is pluralistic, multilingual and multiethnic society which is also home to diverse wildlife and different types of protected habitats. At present due to reasons like the fall in the equity and currency markets, government’s slow pace of implementing reforms, corruption and acute policy paralysis, have given rise to further problems like slow economic growth and decrease in foreign direct investment. In India’s population of dollar millionaires there has been a decline of 18 percent, thus making India the biggest loser among other countries.