There were 7.64 lakh dollar millionaires in India in 2019 according to Credit Suisse, but in the same year, just 3.16 lakh people in the country declared income of over $70,000.
'Indian Philanthropy Report' by global consultancy firm Bain and Co. and strategic philanthropy foundation Dasra derived from statistics available with London-based donor database.
It’s only the second time a Chinese national has broken into the world’s Top 10, and no one from the mainland has ever ranked this high on Bloomberg’s wealth index.
While Amazon's Jeff Bezos' net worth topped a whopping $200 billion, Elon Musk's fortune soared past $100 billion fueled by Tesla Inc.’s ceaseless rally.
Volatile markets and the economic fallout from the virus could wipe out as much as $16 trillion of global wealth this year and hinder growth for the next five years.
The top 1% covers a wide span, from professionals to billionaires with more wealth than many nations. But the yardstick varies greatly with where you live.
Elites view encroachers as disruptors of property rights system, and oppose regularisation. But that’s what India needs to free up capital held in slums.
It may be fear of recession that’s driving today’s obsession with all things early ‘90s. The period was characterised by a dismal economy and large-scale unemployment.
These registrations pertain to the Indian Air Force's Agniveer Vayu programme. The online portal for the first phase was opened at 10 am Friday, and will close on 5 July.
Modi govt's biggest flaw has been its disinclination to accept limitations of electoral majorities. This ruined land acquisition and farm reform, stalled labour codes.