According to a recent report by UBS, the total wealth of Indian billionaires saw an impressive growth of 42%. But what's the story behind this growth?
What's Happening?
UBS recently released its Billionaire Ambitions Report 2024, revealing that the number of Indian billionaires surged by 123% over the last decade, rising to 185 in FY 2023-24, a significant achievement. During the same period, their wealth increased by 263%. In the past fiscal year alone, the number of Indian billionaires grew from 153 to 185. According to the report, Indian billionaires have seen a 263% increase in wealth over the last decade.
Factors Behind the Wealth Surge
This story is from the December 17, 2024 edition of The Free Press Journal.
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This story is from the December 17, 2024 edition of The Free Press Journal.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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