#378 Chinese vs Indian Millionaire Boom Leads Wealth Creation Spree |
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#378 Chinese vs Indian Millionaire Boom Leads Wealth Creation Spree |
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wealth creation in India, citing data from the 2025 Mercedes-Benz Hurun report. The report highlights a significant surge in the number of millionaire households in India, nearly doubling between 2021 and 2025, with major metropolitan areas leading this boom. This affluence is attributed to India's status as the fastest-growing major economy and substantial increases in the value of key family assets, including stocks, gold, and real estate. While acknowledging that India still significantly lags behind countries like China and the US in total number of wealthy households, the source emphasizes India's impressive economic trajectory and projected future growth. The analysis concludes with a caution regarding the country's wealth gap, noting that the top one percent of the population controls forty percent of the