Top 1% Indians own 40% of country's wealth. Top 10% owns 77% of country's wealth. Top 10% includes 1% rich and 9% middle class. The bottom 50% owns just 3% of India’s wealth.
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Of the 140 crore people, 14 crore hold 77% of the wealth in India. 70 millionaires every day is proof that our nation has become an incubator of growth! India is becoming one of the most significant economies in the world. Billionaires in India have also increased their net worth over 10 times in the last decade. The ease of commerce tagged with the international reforms has not only put India on the map but also highlighted it. #buildyourbluefort #finance #economy #indianeconomy #wealth #wealthcreation #billionaires #millionaires #indiastory
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Atal Bihari Vajpayee's iconic statement reminds us that while governments and parties change, the nation and its democratic process must endure. Despite recent political drama, India is poised for a stable third-term government and continued economic reforms, which few countries can claim. A stronger opposition may enhance governance. India's economy has doubled every six years since 1980 and now does so at a $4 trillion scale, driven by demographics and entrepreneurship. Investors are reminded of market unpredictability and the importance of asset allocation, earnings focus, and risk management. Let's keep building the India of our dreams with democratic values, economic growth, and innovation. #NDA #Modi3.0
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#Snsinstitutions #snsdesignthinkers #designthinking Indian economic The economic development in India followed socialist-inspired politicians for most of its independent history, including state-ownership of many sectors; India's per capita income increased at only around 1% annualised rate in the three decades after its independence.[1] Since the mid-1980s, India has slowly opened up its markets through economic liberalisation. After more fundamental reforms since 1991 and their renewal in the 2000s, India has progressed towards a free market economy.[1] The Indian economy is still performing well, with foreign investment and looser regulations driving significant growth in the country
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Did you know? 🇮🇳 India is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP)! 🌏📈 With its booming tech sector, rich cultural heritage, and a dynamic workforce, India continues to pave the way for economic growth and innovation. 💪✨ #IndianEconomy #EconomicGrowth #IndiaRising #GlobalEconomy #TechInnovation #FinancialPowerhouse"
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#INDIAN #ECONOMY UPDATE Union Minister of Commerce and Industry, Mr. #PiyushGoyal, highlighted India's commitment to #equity, #balance, and #fairtrade during his keynote address at the 27th #CITIC #CLSA India Forum in #Mumbai. He stressed that India seeks Free Trade Agreements (#FTAs) with transparent, open countries whose economic systems align with India’s objectives. He underlined that fulfilling citizens' basic needs has been a top priority for the government, enabling Indians to aspire to greater goals. He pointed out that the 4D advantage of Democracy, Demographic Dividend, Demand, and Decisive Leadership under Prime Minister Mr. Narendra Modi fuels India’s growth. He encouraged continued investment in India, emphasising that as the nation becomes a Viksit Bharat by 2047, it offers unparalleled business opportunities for the world.
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India today is the fastest growing economy among large economies. Indian share markets today are at record high driven by growth in investment in mutual funds through SIP. In India today 25 crore citizens have also moved out of multi-dimensional poverty in last 10 years. All these have been possible because of visionary leadership of Prime Minister Narendra Modi. Initiatives such as Digital India and Atma Nirbhar Bharat have truly revolutionised our country after lost decades of 1950 - 1990. The change which we see taking shape today actually began in 1991 when Prime Minister Narasimha Rao initiated a course correction with economic liberalisation. But the benefits of the reforms were limited to urban upper and middle class affecting election results and slowing down the pace of reforms. What Modi has done is to take the benefits to the poorest of poor through digital technology and initiatives of financial inclusion. But what lies ahead is even more exciting for us Indians. India is all set to become world's third largest economy ahead of Germany and Japan by this decade. India is also all set to become a developed economy by 2047 with quantum leap in per capita income and infrastructure. What may drive our economy are three forces - public investment in infrastructure, FDI in manufacturing sector and growth in Indian entrepreneurs across sectors. I look forward to live and prosper in this new India. Jai Hind ! #indianeconomy
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With markets adjusting to the unexpected outcome and new legislative circumstances, Modi and his party now pursue cementing the economic gains generated in his earlier terms, to ensure India continues making strides towards a modern capitalist economy that includes the wider populations and supports all Indians. https://hubs.la/Q02BwSH70 #WeeklyMarketCommentary #JoyceCurtis #FinancialPlanning #NorthReading
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What "𝐕𝐢𝐤𝐬𝐢𝐭 𝐁𝐡𝐚𝐫𝐚𝐭 (𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐞𝐝 𝐈𝐧𝐝𝐢𝐚)" will have to look like in numbers? Analysts at Oxford Economics crunched the numbers and concluded India would need to 𝐫𝐚𝐢𝐬𝐞 𝐩𝐞𝐫 𝐜𝐚𝐩𝐢𝐭𝐚 𝐢𝐧𝐜𝐨𝐦𝐞 𝐥𝐞𝐯𝐞𝐥𝐬 𝐟𝐫𝐨𝐦 $2,434 𝐥𝐚𝐬𝐭 𝐲𝐞𝐚𝐫 𝐭𝐨 $13,845, based on 2023 prices, to attain high- income status by the centenary of its independence. This would require boosting 𝐠𝐫𝐨𝐬𝐬 𝐝𝐨𝐦𝐞𝐬𝐭𝐢𝐜 𝐩𝐫𝐨𝐝𝐮𝐜𝐭 more than sixfold, to about $23 𝐭𝐫𝐢𝐥𝐥𝐢𝐨𝐧, which would necessitate 𝐞𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐠𝐫𝐨𝐰𝐭𝐡 𝐨𝐟 𝐚𝐭 𝐥𝐞𝐚𝐬𝐭 8% a year 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐧𝐞𝐱𝐭 𝐪𝐮𝐚𝐫𝐭𝐞𝐫 𝐜𝐞𝐧𝐭𝐮𝐫𝐲 (historically India hasn't grown consistently at 8% over the years) Although officials haven’t publicized economic targets to reach the 2047 goal, internal estimates by the Ministry of Finance project the economy will reach $6.69 𝐭𝐫𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 2030 𝐚𝐧𝐝 $29.02 𝐭𝐫𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 2047, before adjusting for inflation, according to people familiar with the figures. Kindly read more on - https://lnkd.in/gXEykzH5 #viksitbharat #india #bharat #developedindia #growth #independence #2047
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Episode 326 (April 10, 2024) explains how India's corporate wealth has been atomised significantly. India’s private corporate sector is now owned by both billionaires and ordinary households. India’s listed public sector enterprises have created thousands of wealthy households. Corporate wealth is national wealth. Corporate wealth is everyone’s wealth. Let’s call the bluff of the hecklers who assert that India’s “Billionaire Raj” is a dysfunctional aberration. India’s “Billionaire Raj” is the coolest thing and the hottest thing simultaneously. BSEIndia NSE India Confederation of Indian Industry NCAER World Inequality Lab Narendra Modi
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