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HNW Millionaires in India

6. India
> Ultra-high net worth population: 7,850
> 1-yr. change: 1.6%
> 2012 GDP per capita: $3,830
> 2012 population: 1.2 billion
> 2012 GDP: $4.8 trillion

The number of high net worth individuals in India rose slightly between 2012 and 2013, from 7,730 to 7,850. However the Indian economy has struggled over the past year with rising food prices and the declining value of the rupee, which has fallen almost 13% relative to the dollar in the past 12 months. The nation also has experienced slowing growth. However, Wealth-X praised the country’s leadership for being more-welcoming of foreign investment and also cutting red-tape for businesses.

Countries with most millionaires, 2013

Earlier this week, wealth research group Wealth-X and UBS released their World Ultra Wealth Report for 2013, a comprehensive analysis of the global ultra-high net worth population. Based on that report, 24/7 Wall St. identified the 10 nations with the most ultra-wealthy residents. These are the nations with the most multimillionaires.