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Home > Business > Business Headline > Report


7 lakh Indians have $100,000 of wealth

January 03, 2007 03:31 IST

The top end of over 7 lakh people out of India's population of over one billion is estimated to have individual liquid wealth of about $1,00,000 (Rs 44,13,000) which is likely to go up to $1.1 million by 2009.

This represents a cumulative liquid wealth of $203 billion, estimated to go up to $322 billion by 2009. These are the findings of a recent study done by market research firm Synovate.

A Pan Asia Pacific Cross Media study by Synovate across 11 countries in the region highlights the changing spending patterns of the affluent consumers. The study tracks the changes in the spending patterns of consumers, comprising the top 27.5 per cent of the pyramid.

Overall Internet access in Asia has gone by 30 per cent in 2005 over 1997, with access levels in India having gone up 132 per cent during the same period.

While laptop ownership in the region has gone up 225 per cent, for India it is far lower at 10 per cent.

Similarly, desktop ownership has increased 36 per cent in India as compared to 45 per cent in Asia. This discrepancy provides a large opportunity for marketers to tap into, says the study.

Elite Club

  • Overall internet access in Asia went up 30 per cent in 2005 compared with 1997, with access levels in India surging 132 per cent.
  • While laptop ownership in Asia zoomed 225 per cent in 2005, India saw a rise of only 10 per cent.
  • Desktop ownership increased 36 per cent in India compared with 45 per cent in the region.

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Number of User Comments: 4




Sub: 7 lakh Indian have $100,000

Sir: This is indeed a FANTASTIC achievement AND A GREAT COMMENTARY on the progress made by our great country. 700,000 out of 1,000,000,000, a massive ...


Posted by Rajesh Vyas





Sub: 7 lakh Indians have $100,000

But how many of them are holding Black money ??? or are they all accounted for??? Please do that excercise too!


Posted by venugopal





Sub: Should be much more

I doubt the statistics that in India people having more than $100000 liquid cash is only 7 lakh. Even a single city like Bangalore should ...


Posted by S.Vaidyanathan





Sub: 7 lakh Indians have $US 1 lakh

In a country of over one billion, a mere 700,000 folks having a net worth of $100,000 is nothing to gloat about - until you ...


Posted by labrea




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