India - Fourth highest population of high net worth individuals in Asia Pacific
Q. India is home to the __ largest population of HNIs in Asia pacific region.- Published on 17 Oct 16a. 3rd
b. 4th
c. 5th
d. 6th
ANSWER: 4th
India is home to the fourth largest population of high net worth individuals in the Asia Pacific region with the total wealth of USD 797 billion according to a report
- Asia Pacific region is an area comprising the whole of Asia as well as regions bordering the Pacific ocean including the small nations of East Asia
- The most commonly quoted figure for membership in the HNI club is USD 1 million in liquid financial assets
- Number of HNIs in India jumped to 200,000 last year from 180,000 in 2014
- The overall wealth rose by 1.6 percent during the same period, according to the Asia-Pacific Wealth Report 2016
- Japan has the largest HNI population in the Asia Pacific at over 2.7 million followed by China at more than a million in 2015 and Australia, 230,000
- Asia Pacific HNI wealth rose 9.9 percent in 2015 to USD 17.4 trillion, growing 5.8 times the 1.7 percent growth rate of the Rest of the World
- Asia Pacific High Net Worth Individuals numbers have risen by 115 percent in the past 15 years as against a global growth rate of 82 percent
- HNWI in Asia Pacific are expected to rise by 50 percent over the coming 10 years, reaching around 5.2 million by 2025
