India 6th wealthiest country in world
According to the AfrAsia Bank Global Wealth Migration Review, India is the 6th wealthiest country in the world with a total wealth of US $8,230 billion. The factors that will help in wealth creation in India include large number of entrepreneurs, good educational system, robust outlook for IT, business process outsourcing, real estate, healthcare and media sectors which will result in a 200% rise in wealth in 10 years. In the list, the United States is the wealthiest country in the world with a total wealth of $62,584 billion. China stood at the 2nd place with $24,803 billion, while Japan is at the 3rd place with $19,522 billion. Total wealth refers to the private wealth held by all the individuals living in each country. It includes all their assets less any liabilities. As per report, the global wealth is expected to rise by 50% over the next decade, reaching $321 trillion by 2027. The fastest growing wealth markets are expected to be India, Sri Lanka, Vietnam, China, Mauritius.