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India to be among top wealth markets in the world
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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India to be among top wealth markets in the world
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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India to be among top wealth markets in the world
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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India to be among top wealth markets in the world
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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India to be among top wealth markets in the world
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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India to be among top wealth markets in the world
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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India to be among top wealth markets in the world
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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India to be among top wealth markets in the world
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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India to be among top wealth markets in the world
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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India to be among top wealth markets in the world
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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India to be among top wealth markets in the world
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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India to be among top wealth markets in the world
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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India to be among top wealth markets in the world
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