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बुधवार, 19 अप्रैल 2017

India's Economy: Creating 'One Billionaire Per Month' Since 2010

India's Economy: Creating 'One Billionaire Per Month' Since 2010
- It's often hard to believe how far India has gone. For a democratic society that has elections and political ideologues to deal with (unlike China), it's done well for itself.  India has been churning out billionaires by the month. The last year saw India's old and new one-percents grow in ranks thanks to their stock equity gains and entrepreneurship in new tech-driven businesses that are catering to a growing working and middle class India. The number of Indians on the Forbes billionaire list rose to 101 from 84 last year, and while some family wealth is seen shrinking as it gets passed on two an average of two siblings per family, new money is coming up the ranks quickly.