Home Business India ranks sixth in the list of wealthiest countries

India ranks sixth in the list of wealthiest countries

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India has been ranked sixth in the list of wealthiest countries with total wealth of 8,230 billion US dollars, while the United States topped the chart. According to a report by New World Wealth, India was the best performing wealth market globally in 2017 as its total wealth swelled from 6,584 billion dollars in 2016 to 8,230 billion dollars in 2017, registering a 25 per cent growth.

The report noted that the United States is the wealthiest country in the world as the total wealth held in 2017 amounted to 64,584 billion dollars, followed by China at the second place with 24,803 billion dollars and Japan with 19,522 billion dollars at third.

Total wealth, refers to the private wealth held by all the individuals living in each country. It includes all their assets. The report, however, excludes government funds from its figures.

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