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India to be among top wealth markets in the world

Last updated on: June 19, 2012 08:47 IST

India to be among top wealth markets in the world

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India is set to occupy a major position in the top 10 wealth markets in 2012 after edging out Spain for 10th slot in 2011, says a report by Datamonitor.

Moreover, the cumulative value of the liquid assets held by millionaires in the emerging economies of Brazil, China, and India are likely to triple to $4.6 trillion from $1.5 trillion between 2006 and 2015.

India, in particular, will experience explosive growth, the report said.

Let's take a look at the top 12 markets.

NOTE: The rankings are based on millionaires holding the largest markets

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Image: A view of the presidential suite at InterContinental Hong Kong Hotel.
Photographs: Paul Yeung/Reuters

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The United States

Balance held by millionaires (2015): $12,029 billions

Balance held by millionaires (2011): $9,623 billions

Balance held by millionaires (2006): $9,381 billions

Global rank (2015): 1

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Image: A view of the downtown area in Los Angeles.
Photographs: Mario Anzuoni/Reuters

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India to be among top wealth markets in the world

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China

Balance held by millionaires (2015): $3,191 billions

Balance held by millionaires (2011): $2,440 billions

Balance held by millionaires (2006): $2,556 billions

Global rank (2015): 2

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Image: A view of Jinmao tower at the Pudong financial district in Shanghai.
Photographs: Nir Elias/Reuters
Tags: , China , Balance , India

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Japan

Balance held by millionaires (2015): $2,783 billions

Balance held by millionaires (2011): $1,802 billions

Balance held by millionaires (2006): $1,017 billions

Global rank (2015): 3

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Image: Ginza shopping district in Tokyo.
Photographs: Kim Kyung Hoon/Reuters
Tags: , Balance , India , Japan

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India to be among top wealth markets in the world

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The United Kingdom

Balance held by millionaires (2015): $1,057 billions

Balance held by millionaires (2011): $856 billions

Balance held by millionaires (2006): $744 billions

Global rank (2015): 4

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Image: Big Ben and the Palace of Westminster are seen from the Millennium Wheel on the river Thames in London.
Photographs: Kevin Coombs/Reuters

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Germany

Balance held by millionaires (2015): $819 billions

Balance held by millionaires (2011): $698 billions

Balance held by millionaires (2006): $660 billions

Global rank (2015): 5

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Image: The skyline of Frankfurt with its bank towers is seen under clouds.
Photographs: Kai Pfaffenbach/Reuters
Tags: , Germany , Balance , India

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India to be among top wealth markets in the world

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India

Balance held by millionaires (2015): $747 billions

Balance held by millionaires (2011): $437 billions

Balance held by millionaires (2006): $205 billions

Global rank (2015): 6

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Image: A flower seller looks for possible buyers at a seafront in Mumbai.
Photographs: Arko Datta/Reuters
Tags: India , Balance

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Brazil

Balance held by millionaires (2015): $705 billions

Balance held by millionaires (2011): $471 billions

Balance held by millionaires (2006): $265 billions

Global rank (2015): 7

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Image: The National Congress building in Brasilia is illuminated with green and yellow lights.
Photographs: Ueslei Marcelino/Reuters
Tags: , Balance , Brazil , India

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Italy

Balance held by millionaires (2015): $701 billions

Balance held by millionaires (2011): $605 billions

Balance held by millionaires (2006): $623 billions

Global rank (2015): 8

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Image: A view of the Duomo cathedral in Milan.
Photographs: Stefano Rellandini/Reuters
Tags: , Balance , Italy , India

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Canada

Balance held by millionaires (2015): $655 billions

Balance held by millionaires (2011): $528 billions

Balance held by millionaires (2006): $470 billions

Global rank (2015): 9

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Image: A view of the Toronto skyline.
Photographs: Mike Cassese/Reuters
Tags: , Balance , India , Canada

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France

Balance held by millionaires (2015): $556 billions

Balance held by millionaires (2011): $473 billions

Balance held by millionaires (2006): $465 billions

Global rank (2015): 10

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Image: A view shows the Concorde obelisk, Champs Elysees Avenue and the Arc de Triomphe monument in Paris.
Photographs: Gonzalo Fuentes/Reuters
Tags: , France , Balance , India

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Spain

Balance held by millionaires (2015): $417 billions

Balance held by millionaires (2011): $372 billions

Balance held by millionaires (2006): $372 billions

Global rank (2015): 11

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Image: A view of the Agbar Tower in Barcelona.
Photographs: Albert Gea/Reuters
Tags: , Balance , Spain , India

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Taiwan

Balance held by millionaires (2015): $352 billions

Balance held by millionaires (2011): $269 billions

Balance held by millionaires (2006): $218 billions

Global rank (2015): 12


Image: Taiwan National Museum in Taipei.
Photographs: Nicky Loh/Reuters
Tags: Taiwan , Balance , India

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