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Detailed explanation-1: -India is ranked 3rd in terms of most number of billionaires’ population globally in 2021, as per Knight Frank’s latest edition of The Wealth Report 2022. India is ranked 3rd in terms of most number of billionaires’ population globally in 2021, as per Knight Frank’s latest edition of The Wealth Report 2022.
Detailed explanation-2: -This story is part of Forbes’ coverage of India’s Richest 2022. See the full list here. India has passed the U.K. to become the fifth-biggest economy behind the U.S., China, Japan and Germany.
Detailed explanation-3: -Oxfam India’s latest report which was released on the opening day of the World Economic Forum in Davos, Switzerland reveals that the total number of billionaires in India increased from 102 in 2020 to 166 billionaires in 2022.