The Koro crisis also saw an increase in the wealth of the country's rich

Mumbai, Friday 23 October 2020

Economic activity was halted due to the corona virus epidemic. This has affected the income of many people. But during this time the wealth of the rich people of the country increased. This information is obtained from the report of Credit Suisse.

According to Credit Suisse's Global Wealth Report, the wealth of every adult in India has increased by 0.7% in the six months ended June 30, compared to 2019.

The report states that despite the Corona virus epidemic, the per capita wealth in the country was 17,300 by the end of 2019, rising to 17,420 by the end of June 2020.

According to financial services firm Credit Suisse, average wealth growth in the first six months of 2020 was 1.7 percent. According to the firm, wealth growth could reach 5 to 6 percent in 2020. And in the year 2021, this growth could go up to 9 percent.

The report states that the share of property and real estate in people's wealth was the highest in India. But now people are moving towards financial property. Whose share in the total property has reached 22 per cent.

According to financial services company Credit Suisse, non-financial assets grew by 12.5 per cent in 2019, while financial assets grew by 8.6 per cent. According to Credit Suisse, the rate of financial inequality in India is very high.