“Yeh Mumbai Hai Meri Jaan”
Mumbai, India’s financial capital has been placed ahead of Washington DC, Toronto and strange gigantic cities in the City Wealth Index list. The list, prepared by Real house agency Knight Frank maps super-bustling population in 125 cities across 89 countries.
In the City Wealth Index list, Mumbai is at the 21 st viewpoint even though Delhi ranks at number 35. The version provides a approach previously mention to the issues that cause problems ultra high net worth individuals (UHNWI) investment and lifestyle decisions across the world.
The gloss confirmed that India has a resilient, diversified economy and it is not reliant on the subject of commodities and its domestic and foreign debt problem is available. Finally, taking into account a number of hot-spots across the country, including Mumbai, Chennai, Hyderabad, Bengaluru and Delhi, and many sector specialties, there is a expansive base for economic amassed, the description confirmed.
India is a nation that houses 2 percent of the worlds millionaires (13.6 million) and 5 percent of worlds billionaires (2,024). Mumbai is in flames to 1340 UHNWIs which is later followed by Delhi (680), Kolkata (280) and Hyderabad (260). Meanwhile cities in the tune of Pune (18%), Hyderabad and Bangalore (both at 15%) proverb rise in UHNWIs as compared to 2015.
This years survey results are based approximately responses from around 900 of the worlds leading private bankers and immense quantity advisers. UHNWIs are those once net assets worth anew $ 30 million (vis–vis Rs 200 crore).
The bank account informs that the number of ultra high net worth individuals (UHNWI) in India has surged by 290 percent in the last 10 years. The reason plus states that Mumbai ranks 11 ahead of Chicago, Sydney, Paris, Seoul and DubaiIn the far afield afield along profusion category. The Knight Frank gloss declared that Mumbai ranks 11 in the higher prosperity category ahead of Chicago, Sydney, Paris, Seoul and Dubai.
Mumbai as well as recorded sum large sum net-worth of $820 billion which homes 46,000 millionaires and 28 billionaires, as per New World Wealth observations though Delhi registered a utter large sum of $450 billion and is habitat to 23,000 millionaires and 18 billionaires. The bank account states that Mumbai is the richest city in the country followed by Delhi and Bengaluru in the second and third place, respectively even if some additional emerging cities in terms of supreme large quantity adjoin in the works, Surat, Ahmedabad, Visakhapatnam, Goa, Chandigarh, Jaipur and Vadodara.