India moves to 3rd spot in most billionaires, after US and China.

Discussion in 'Economy & Infrastructure' started by jouni, Feb 3, 2015.

  1. jouni

    jouni Senior Member Senior Member

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  3. jus

    jus Senior Member Senior Member

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    USA 537 billionaires followed by China with 430........India 97 Rus 93

    The news is ' 430 billionaires from China (commies):shocked:'
     
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  4. karn

    karn Regular Member

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  5. ezsasa

    ezsasa Senior Member Senior Member

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    Forbes 2014 list has China at 220 and india around 100
     
  6. thakur_ritesh

    thakur_ritesh Administrator Administrator

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    For India, there is a drastic need to bring the parallel economy on board. The big dreams this government is dreaming of can only be sustainable if the business in India doesn't have the urge for routing its funds through the parallel economy, which is just a drain and something that makes the economy and the Indian businesses globally non-competitive. One can't overstate the potential that will be unleashed once we have that, too bad that's not the focus yet.

    Anyway, I am more keen on the millionaire list of these countries which gives the underlying current of what all is happening at a much larger level within an economy. My sense would be hands down Chinese are right up there in this list or just a scratch below.

     
  7. ezsasa

    ezsasa Senior Member Senior Member

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  8. Sambha ka Boss

    Sambha ka Boss Regular Member

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    Majority of China's billionaire are from Hongkong and Macau a legacy of British-Portuguese rule, not because of Commies.
     
  9. salute

    salute Senior Member Senior Member

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    Where Did A Million Chinese Millionaires Come From

    its says millionaires not billionaires but you understand.

    http://youtu.be/_ZgUyjzPSh8
     
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  10. Srinivas_K

    Srinivas_K Senior Member Senior Member

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    Yes it is good that number of Billionaires are increasing in India. Which are signifies the wealth created in India.

    Middle class and percapita are the real indicators!
     
  11. tarunraju

    tarunraju Moderator Moderator

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    We do realise that this list only covers tax paying billionaires, and their net worth figures put out are only those figures they want tax authorities to see?

    There are more billions than these, and those billionaires, including some from this list could be hiding their true net worth.
     

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