Bloomberg News

No. 15: India

Population: 1,171 million

2009 number of millionaire households: 139,835
Percentage increase: 19.7 percent YOY
Share of country’s wealth held by millionaire households: 38 percent

India’s millionaire population, which soared in the boom before the global recession, contracted in 2008, according to Merrill Lynch and CapGemini. GDP growth slowed to 6.7 percent in 2009, but the Asian Development Bank expects the rate to accelerate to 8.2 percent in 2010.

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