Per the Swiss bank’s ‘UBS Billionaire Ambitions Report,’ the collective wealth of Indian billionaires has increased threefold to over $905 billion, or 42%, in the last fiscal year.
India is only behind China and the USA in terms of wealthiest surging in their net worths. Things are a bit glum for the Chinese owing to the regime that has tightened the noose around the richest in the nation. No such restrictions for unhinged growth in India (or USA). The Swiss bank report further claims that during the last decade India saw a 2x rise in billionaires with a 206% increase in wealth.
The report adds that the surge in billionaire wealth in India is largely led by family-led businesses across a diverse domain, including pharmaceuticals, edutech, fintech, and more. The Swiss bank report states that the trend will continue in the next year as well with explosion of billionaires in the country, even as the value of dollar sinks new low every other day and the middle class continues to shrink with consumption stagnation, while the likes of Ambani family splurge billions of dollars in lavish wedding that spanned almost half a year. Thank you pakodanomics, tax taai, and the divisive politics of hate that rules over actual development (which is only reserved for the friends hands-in-gloves with the regime).
India’s Billionaires’ Wealth Up 42%
India Now 3rd In #Billionaires List #India Home To 185 Billionaires
India’s Plutocrats Double In 10 Years
Wealth Surged 42% In Last Fiscal Year
Family #Businesses Drive India’s Rise@pareektweets pic.twitter.com/iCE6NRwHsd
— Mirror Now (@MirrorNow) December 9, 2024
Indian billionaires’ wealth up 42% in last financial year, says report
Read pic.twitter.com/DhhD5bXhv1
— The Times Of India (@timesofindia) December 9, 2024
If u are are Billionaire in India & don’t worry too much about ethics or humanity – you have every reason be to an Andhbhakt.
🚨42% wealth appreciation in a SINGLE year!!🔥
🚨Billionaires have DOUBLED in last 10 years🔥
At the same time – 80 crore poor are living on free ration… pic.twitter.com/csOZWi45CT
— The DeshBhakt 🇮🇳 (@TheDeshBhakt) December 9, 2024
As India emerges as a wealth creation powerhouse in the Asia-Pacific region over the decade, a UBS report shows, the combined net worth of India’s billionaires has nearly tripled reaching a net worth of $905.6 billion by April 2024 @SehgalRahesha tells you more#India pic.twitter.com/fgWchMXJRg
— WION (@WIONews) December 9, 2024
India ranks third globally with 185 billionaires in 2024, reflecting a 21% increase. The nation’s combined wealth surged 42% to $905.6 billion, according to a @UBS report#India #Billionaires
— Business Standard (@bsindia) December 7, 2024
Meanwhile, a gentle reminder from veteran cricketer and Congress leader Navjot Singh Siddhu
India’s richest 1% hold more wealth than bottom 70%, Poor toil, while rich consolidate wealth, farmers labour, but capitalist earn… Ambani added 90 Crore every hour to his wealth in the last 6 months, while Adani’s wealth increased by 61%… Meanwhile, India ranks 94th among… pic.twitter.com/o5BmBfcwXD
— Navjot Singh Sidhu (@sherryontopp) February 23, 2024
See Also: Harsh Goenka’s List Of Good Billionaires In India Does Not Include Ambani Or Adani; Here’s Why
See Also: Bharatiya Billionaires: 5 Indians Mark Their Debut On Forbes Richest List; Know Their Companies And Net Worth
Achhe Din is only for the HNIs and the billionaires.
See Also: About 3000 Indian Students Lining Up For Waiter Job At An Indian Restaurant In Canada Triggers The Internet
See Also: Over 4 Lakh Graduates And Non-Graduates Applied For Sweeper Posts In Haryana; Internet Jibes ‘Achhe Din For Employment’
See Also: Elon Musk Reacts To Video Of Desis Crossing The US Border In Record Number: ‘Legal Immigration Is Totally Broken’
Lot of social media chatter today about recent statements by Nestle and HUL chiefs.
They are right. The middle class is shrinking. Income levels are rising only for the upper middle class and above. FMCG, Autos, Real Estate sectors are seeing the impact.
A story we did nearly a… pic.twitter.com/KkDyPznB8n— Arup Roychoudhury (@aruproytweets) October 25, 2024
India’s middle class is shrinking. More people are surviving on govt freebies than ever before. These numbers mean nothing if most people are becoming poorer and the same few oligarchs are adding zeroes to their net-worth. https://t.co/8XTJTTDQnC— Arjun* (@mxtaverse) October 27, 2024
