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India will be the 11th richest country by 2022: BCG report

India will be the 11th richest country by 2022: BCG report

According to the Boston Consulting Group (BCG), by 2022, India will be the 11th richest country in the world. In the coming times, the wealth of Indians is going to grow rapidly.

This report has been released by the Boston Consulting Group (BCG). In terms of private property, by 2022 India will be the 11th richest country in the world. In this way, India's ranking will increase by four places from the year 2017.

Personal property: During this, there is an estimated 13 percent increase in the private property of the country. Three years later, it will increase from the current $ 3 trillion to $ 5 trillion dollars.

Main feature of BCG report:

• According to the BCG report, by 2022 India's rank will improve by four levels. This will leave behind Switzerland, Hong Kong, Netherlands and Taiwan.

• According to the report, India's Compound Annual Growth Rate (CAGR) has been 12% since 2012. After China, India is the only country in which CAGR is in double digit (double digits) according to personal wealth.

•India is the fifth largest market in Asia,in rich, high net worth and ultra high networth category. The number of people rich here is 3 lakh 22 thousand. This category includes people with assets up to $ 1 million.

• The number of rich net worth individuals in the country is 87 thousand. Their property is between $ 100 million and $ 200 million.

• There are 4 thousand people with ultra high net worth categories. Their wealth is more than $ 2 million.

• At present, the US is at the top with personal wealth (Personal Wealth) of $ 80 trillion dollars. By 2022, it is expected to reach $ 100 trillion dollars.

China's private property is $ 21 trillion. It is expected to double to $ 43 trillion in three years.

Q.1 Which multinational management consulting firm states that India will be the 11th richest country of the world in 2022?
A. Accenture
B. Boston Consulting Group
C. Ernst and Young
D. A.T. Kearney
Answer...
Ans: Boston Consulting Group
Q.2 Which country is the fifth largest market in Asia,in rich, high net worth and ultra high networth category?
A. China
B. India
C. Japan
D. Korea
Answer...
Ans: India

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