One may cite the above statistic with a sense of pride that, whereas in the rest of the world the net worth of millionaires had come down or increased very slightly, in India it had gone up by more than 60% and the number of millionaires had gone up by 55%. It is a matter of total shame for India. It only shows how unequal the Indian society is. Millionaires comprising 0.02% live in super luxury, whereas nearly 35% of the population live below the poverty line. If just 10% of the millionaires wealth ($1.7 trillion) is taken from them in the form of tax, then the Indian government can do tremendous amount of development work with this $170 billion to alleviate poverty, national reconstruction etc. Prof. Amartya Sen had repeatedly pointed out for a long time that Indian society is disgracefully unequal.
- AR
On Saturday, 23 July 2016, 19:01, "Jiten Roy jnrsr53@yahoo.com [mukto-mona]" <mukto-mona@yahoogroups.com> wrote:
http://www.forbes.com/sites/ranisingh/2016/07/22/indian-millionaires-worth-1-5-trillion-numbers-up-55-in-less-than-a-decade/3/#6f07482d4e02
Indian Millionaires Now Worth $1.5 Trillion And Rising
Forbes Fri, Jul 22 7:12 AM PDT
- Like
- A new study found that Indian High Net Worth numbers increased by 55% from 152,000 in 2007 to 236,000 High Net Worth Individuals in 2015. Their combined wealth rose by 67%, from $0.9 trillion in 2007 to $1.5 trillion in 2015. New World Wealth, a regular source of data and insight for these columns, has just come up with new research conducted over eight years. It started in 2007, just before the global financial crisis, and finished in 2015, when most countries were experiencing negative or negligible growth. "Millionaires" or "HNWIs," High Net Worth Individuals" refer to individuals with net assets of a million or more dollars. The study found that growth was positively impacted by local construction, ...
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Posted by: ANISUR RAHMAN <anisur.rahman1@btinternet.com>
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