For all those who still didn’t believe in India’s growth story, the recently published Forbes’ Rich List may come as a pleasant surprise. While the whole world saw a shift in power and millionaires turned bankrupt overnight, the buoyancy of the stock market of India and the robustness of the economy has ensured that more Indians are included in this revered list. In fact, if the list is to be believed, the number of billionaires in India have doubled since the last year.
The stock market which had plummeted hard revived well and has gain more than 75% in the later half of the year. The rate of economic growth has also picked up owing to the goods and services sectors.
As compared to last year, where there were only 27 Indians in the list of richest people in the world, this year, the number is 52. Of course, chairman of Reliance Industries, Mukesh Ambani has topped the list of richest Indians again, with a net worth of $32 Billion. Close at heals is steel baron Lakshmi Mittal with a net worth of $30 Billion.
The Indian subcontinent is now officially producing billionaires faster than any other country now. Another interesting insight in the report is that the net worth of the top 100 richest people of India is a whopping $276 Billion.
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