India reaches third place in the number of billionaires!

Kokila Chokkanathan

There is a 42 percent jump in the wealth of indian billionaires in just one year. It can be believed that such an increase in the wealth of billionaires will also give strength to the dreams of employment, development and prosperity of the countrymen to take flight. india has the third highest number of billionaires in the world after America and china, with 185 billionaires.

On the one hand, there is an employment crisis in india and the rupee is continuously weakening against the dollar. Due to inflation, the standard of living of the people is continuously falling. From time to time, such reports keep coming in reference to the data released which makes it seem that something is not going well on the economic front in India. However, in the meantime, the report of increase in the number of billionaires can give peace of mind.

What is in UBS's latest Billionaire Ambitions Report?

The latest Billionaire Ambitions Report of rating agency UBS shows that the wealth of indian billionaires has increased by 42.1 percent within a year. india has the third highest number of billionaires in the world after America and china, with 185. The number of billionaires in America is 835 and in china it is 427. Not only this, a new billionaire is emerging in india every three months. india has added 32 new billionaires in a year. According to the Billionaire Ambitions Report, this is the result of India's continuous rise to economic heights. Behind this are also those new icons, who have achieved success in traditional businesses as well as new areas.

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