US wealthiest country; India takes 7th spot in total individual wealth

August 23, 2016

New Delhi, Aug 23: India has figured among the top 10 wealthiest countries in the world with a total individual wealth of $5,600 billion while the United States topped the chart.

india

According to a report by New World Wealth, India was ranked 7th ahead of Canada ($4,700 billion), Australia ($4,500 billion) and Italy ($4,400 billion), which came in at 8th, 9th and 10th slots, respectively.

The US is the wealthiest in the world in terms of total individual wealth held ($48,900 billion) while China stood second and Japan third, with total individual wealth of $17,400 billion and $15,100 billion, respectively.

Others in the top 10 club include the United Kingdom (4) with a total individual wealth of $9,200 billion, followed by Germany (5th, $9,100 billion) and France (6th, $6,600 billion).

Wealth refers to net assets of a person. It includes all their assets (property, cash, equities, business interests) less any liabilities, the report said adding that it excludes government funds from its figures.

The ranking of India as one of the top 10 wealthiest countries in the world is largely because of its large population. "Australia's ranking is impressive, considering it only has 22 million people living there," the report explained.

Over the past 5 years, China was the fastest growing wealthiest country in terms of dollar wealth growth.

On India, the report stated, "Australia and India also grew strongly and India, Australia and Canada have just overtaken Italy over the past 12 months."

The study ranked the wealthiest countries in the world as of June 2016 in terms of total individual wealth held.

antilia

Comments

Shrinidhi
 - 
Tuesday, 23 Aug 2016

We are in same position for past several years.

Satyameva jayate
 - 
Tuesday, 23 Aug 2016

Great to here the news....
Modiji where is this money....number of poor are increasing and people still crying to buy rice and Dhal which is more costly than chicken now...
Is this nation only for the rich?

suresh
 - 
Tuesday, 23 Aug 2016

This is becuase of increase of beef export is more than doubled within the span of these 2 years. Pink Revolution

Abbu Beary
 - 
Tuesday, 23 Aug 2016

If India is in 7th position in terms of total individual wealth its a big tragedy. coz we have 1.2 billion population. US, Japan, and other countries have no population at all. Besides our wealth consolidated only with a few individuals.

Rikaz
 - 
Tuesday, 23 Aug 2016

If you add black money stored in foreign countries, India's position will be better than US...

sameek patel
 - 
Tuesday, 23 Aug 2016

ab bolo ache din, rahul keep on shouting of dal price hike. here s the big surprise, this s what modi govt wanted.

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News Network
May 23,2024

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The VTU Mangaluru division inter-collegiate football tournament was inaugurated on May 22, 2023, at P.A. College of Engineering, Nadupadavu. The inaugural ceremony was graced by Mr. Abdullah, a renowned footballer and businessman, who served as the chief guest and initiated the tournament with a ceremonial kick-off.

Dr Ramis M.K., the Principal of P.A. College of Engineering, highlighted the significance of student participation in sports, especially football, underscoring elements such as player coordination, strategic planning, team spirit, skill development, and techniques.

The ceremony was also attended by several notable figures, including Mr. Sharfuddin P. K.  Assistant General Manager of Campus, PAET; Dr. Sayyad Ameen Ahammad,  Dean of Student Affairs (PAET) and Dr. Sharmila Kumari, Vice Principal of P.A. College of Engineering; Mr. Niyaz Khan from the HR department of PAET; and Dr. Iqbal, Director of Physical Education, who delivered the welcome address. The event was anchored by Prof. Salim, Department of Electronics & Communication. 

Seventeen teams from the VTU Mangalore Division is participating in this esteemed tournament, demonstrating sportsmanship and competitive spirit among the colleges.

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News Network
May 23,2024

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The Ministry of External Affairs has received a letter from the Karnataka government requesting the cancellation of the diplomatic passport of suspended Janata Dal Secular MP Prajwal Revanna, official sources said on Thursday. However, the diplomatic passport has not yet been canceled.

The Karnataka government's request to the Narendra Modi-led union government came after Prajwal Revanna, facing multiple charges of sexually abusing women, fled the country using his diplomatic passport last month.

"The MEA has received a letter from the Karnataka government for the cancellation of the diplomatic passport in respect of MP Prajwal Revanna. This is being processed," official sources said.

Prajwal, grandson of former Prime Minister HD Deve Gowda, is at the center of a political storm after hundreds of explicit videos allegedly featuring him leaked late last month. The 33-year-old MP faces multiple cases of rape, sexual harassment, voyeurism, and criminal intimidation.

Prajwal, the NDA nominee for the Hassan Lok Sabha seat, reportedly fled to Germany on April 27, hours before the first case was filed against him.

The Karnataka police's Special Investigation Team (SIT) is now probing the high-profile case, and a lookout notice and a Blue Corner notice have been issued to track Revanna down.

In the wake of the allegations, Prajwal Revanna said in a social media post on May 1, "As I am not in Bangalore to attend the enquiry, I have communicated to C.I.D Bangalore through my Advocate. The truth will prevail soon."

His father, HD Revanna, a JDS MLA and son of HD Deve Gowda, is also accused in cases of molestation and kidnapping. He was arrested earlier this month and is now out on bail.

The veteran leader faces a case in which a man has alleged that he was involved in kidnapping his mother, who worked as a house help at his home for six years. The complainant alleged that a video showing Prajwal Revanna sexually abusing his mother leaked recently, and his mother went missing soon after.

HD Revanna, however, has termed the case a "political conspiracy."

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News Network
May 21,2024

Mysuru district Congress Committee, Women's wing, City General Secretary has been allegedly murdered by her husband at Turaganur of T Narsipur taluk Mysuru district in Bannur police station limits on Monday night.

The deceased, Vidya (36), was a resident of Srirampura, her husband, Nandish allegedly killed her when he hit her with a machete after they engaged into a verbal duel on Monday night. The accused escaped after the incident.

The incident has reportedly occurred due to a family dispute. However the exact reason is yet to be ascertained, according to police.

Mysuru district SP Seema Latkar, ASP Nandini have visited the spot along with Bannur Police.

A complaint has been filed in Bannur police station. They are in the process of filing an FIR. The police have shifted the body to K R Hospital in Mysuru for the autopsy and is looking for the accused.

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