India ranks third; among wealthiest countries; how so
In terms of wealthiest country around the world, India has been ranked sixth with a total wealth of USD 8,230 billion.
As expected, the United States topped the chart in the list.
According to a report by New World Wealth, the United States is the wealthiest country in the world as the total wealth held in 2017 amounted to USD 64,584 billion followed by China at the second place with USD 24,803 billion and Japan with USD 19,522 billion at third.
It need be clarified that here the total wealth refers to the private wealth held by all the individuals living in each country/city.
The countries such as United Kingdom, Germany, France and Canada figure belowe in the crucial list.
The report further noted that India was the best performing wealth market globally in 2017 as its total wealth swelled from USD 6,584 billion in 2016 to USD 8,230 billion in 2017, registering a 25 per cent growth. >