2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Hurun India Wealth Report 2021 states that the number of dollar-millionaire households increased by what percent in India in 2021, compared to 2020?
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21%
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15%
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11%
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17%
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Explanation:
Detailed explanation-1: -According to the Hurun India Wealth Report 2021, the number of dollar-millionaire households in India has increased by 11% to 4,58,000 households compared to last year. These households have a net worth of at least INR 7 crore.
Detailed explanation-2: -In 2021, India had 7.96 lakh millionaires, which is expected to grow 105 per cent to 16.32 lakh.
Detailed explanation-3: -India has witnessed a 12 per cent year-on-year (YoY) growth in total household wealth in 2021, leading financial services company Credit Suisse said in a recent report. India’s total household wealth stood at $14.2 trillion at the end of 2021, which was up by $1.5 trillion or 12 per cent from 2020.
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