Just came across this article with data sourced from Credit Suisse 2022 survey. The number of US dollar millionaires in India equals 796,000 which is (brace for it), 0.1% of the Indian population. See #15 in screenshot below. You guys need to go touch some grass outside. #personalfinance #investments
It is sad to see that less than 0.1% of people can retire in India.
Dude everyone doesn't have an inflated lifestyle
Those are just tax paying individuals who declare all there income
How do they know my net worth?
Link?
Whats global millionaire? Does this mean 39.1% of American are millionaire?
Of all the millionaires in the world, 39% of them are American
Now all the denial posts 😹
Have you heard about a thing called “black money” in india?
Its not gonna change anything significantly lol
JStopmeman - saying he is living under a rock without saying he is living under a rock.
This might be old data and many people in India does not declare real income to avoid taxes
Read the post again. It’s 2022 data. It’s not income but NW data. 0.1% of India have a NW of 8 crs. Credit Suisse also looked at black money for calculating this NW. most black money is used to buy land and properties in india and buyers under declare the purchase price. So, it’s not too hard to calculate NW based on real price .
Lol, this data doesn't even include the roadside Chaat waalas
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The brainwashed re————t $$ ards
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For those who were laid off, how much time do you spend sleeping and looking for a job?
Thats 8crores
And significantly higher purchasing power wherever human labor is involved.