10th May 2008, 15:02:03
|
|
IDNChannel Staff
|
|
Join Date: Apr 2008
Posts: 494
Rep Power: 0
|
|
India, China to rise in ranks as wealth centers by 2017: Economist Intelligence Unit
India, China to rise in ranks as wealth centers by 2017: Report
Quote:
|
India is going to grab the 8th spot as home to the highest concentration of millionaires in the world within a decade, a joint study by Barclays Wealth (the new integrated wealth management division of Barclays Bank Plc) and Economist Intelligence Unit (EIU) has revealed.
|
Quote:
|
Traditionally, Indians invest most of their savings in physical assets like real estate and gold. However, that is soon going to change. "We are seeing a cultural change driving attitudes towards wealth in India. Composition of assets of wealthy Indians is increasingly shifting from physical assets to financial assets," Satya Bansal, CEO, Barclays Wealth, India, said.
|
http://in.ibtimes.com/articles/20080...ent-bank_1.htm
Last edited by touchring : 10th May 2008 at 15:05:23.
|
Linear Mode
