There is no doubt that India is a fast growing economy and one of the emerging countries in the world. But in next five years India is going to cross the Switzerland’s and Taiwan’s economies according to Credit Suez of International Finance services (IFS).
Due to changes in the currencies, the total wealth of Indians in this year was 3.1lakh crores of dollars which was decreased by 0.8% from the year 2015. Almost 26 billion Dollars have been decreased when compared to the last year. However the wealth in the country has been increased but not all the Indians are part of this Increment in wealth.
In the list of richest persons in world, India has 2.48 lakhs people nationally. At present India stands in 14th position in terms of wealth but in coming five years India will overcome Switzerland and Taiwan.