Indian billionaires' wealth up 42% in last financial year, says report

Quick Summary:

Indian billionaires' wealth surged 42% to over $905 billion in the last financial year, making India the third largest billionaire base globally.

This growth is fueled by family-led businesses, a favorable economic environment, and structural reforms.

Globally, billionaire wealth growth has slowed, but India remains an exception, potentially mirroring China's prior growth trajectory.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: IndiaChina

Topics: Billionaires in India Billionaire wealth trends 2024 Wealth of Indian billionaires UBS Billionaire Ambitions Report Business news Global billionaire wealth trends Indian billionaires wealth growth Family-owned businesses in India

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-09 @ 03:39:44 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 784 words

Reading Time: 5 minutes read

Sentences: 39 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 24240628

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