India is going through the most interesting phase in terms of Wealth Creation. Despite all the domestic challenges of weak rupee, expensive crude oil and economy, India's wealth creation rate is all-time high.
India's 831 people have assets over Rs.1000 crores and this is one-fourth of India's total GDP. These 831 people have assets worth $ 719 billion, which is 25 percent of India's GDP (2,848 US dollars). This disclosure is being made in the report of Barclays Hurun India Rich List 2018.
214 new names have been included in this list of rich people compared to last year, and many shocking names have made the list. Mukesh Ambani, Chairman of Reliance Industries, has remained at number one in the list for the seventh consecutive time, while the founder of Oyo is the youngest name in the list of 24-year-old Ritesh Agrawal.
There are 306 new names in this list of 831. 113 are the names which are self-made and are the first generation entrepreneurs. Not only that, for a decade, the Digital Economy Sector has replaced its techno and pharma sector, which is ruling in Wealth Creation.
Says Satya Narayan Bansal, CEO of Barclays Private Client: "Wealth Creation is being done at very fast pace in India. Now it takes little time to consolidate the dream. The property is now going out of the hands of traditional people and is going to the hands of the new generation of entrepreneurs. In the next 10 years, we will find that India's young and next generation entrepreneurs are replacing the family business and start-ups are becoming a VC House.
No comments:
Post a Comment