India ranks 3rd in billionaire population globally: Knight Frank

The number of ultra-high-net-worth-individuals (UHNWIs) has globally increased by 9.3% in 2021. Over 51,000 people have seen their net assets increased to US$30m or more. In India, the number of UHNWIs (net assets with US$ 30m or more) has grown by 11% YoY in 2021, the highest percentage growth in APAC, according to Knight Frank’s latest edition of The Wealth…

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India’s GDP growth slows to 5.4% in Q3, estimated to rise 8.9% in FY22

India’s economic growth slowed to 5.4 per cent in the third quarter of 2021-22 but higher than China’s GDP expansion of 4 per cent during the same period and the country retained its position as the world’s fastest growing major economy. The National Statistical Office (NSO) in its second advance estimates of national accounts released pegged the country’s growth for…

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