The number of billionaires in the country doubled during the 10 years of PM Modi’s tenure.

Billionaires Wealth In India: During the 10 years of Prime Minister Narendra Modi’s tenure, the number of billionaires in the country has doubled and their wealth has tripled. With this, India has become the third largest country in the world in terms of number of Arpatis. According to the UBS report, there has been a 42 percent increase in the wealth of India’s billionaires in the financial year 2023-24 and it has increased to $ 905 billion. With this, India has the highest number of billionaires in the world after America and China.

185 people are billionaires in India

UBS has released a report named UBS Billionaire Ambitions Report. According to this report, the number of billionaires in India has doubled in the last 10 years and there are now 185 billionaires in the country. During this period, there has been a threefold jump in the wealth of these billionaires. According to the report, there has been a decline in the wealth of billionaires globally, but on the contrary in India, there has been a strong increase in the wealth of billionaires. For this, credit goes to the increasing entrepreneurship and positive economic conditions in India.

This is a time of extraordinary economic growth

The UBS report says that this has been a time of extraordinary economic growth. Prime Minister Narendra Modi The (Narendra Modi) led NDA government has completed its two terms and during this period the government took many structural reforms decisions which have helped in making the Indian economy the fifth largest economy in the world. Growth is expected to accelerate further due to increased urbanization, digital adoption, manufacturing growth and shift towards new energy sources.

The number of billionaires will increase in a decade

UBS has said in its report that in the next decade, there may be a huge jump in the number of billionaires in India, as was seen in China before 2020. At the global level too, between 2015 and 2024, the wealth of billionaires has increased by 121 percent and has reached $14 trillion. At the global level, the number of billionaires has increased from 1757 to 2682. During this period, the wealth of China’s billionaires has decreased by 16 percent from the high of 2020.

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Billionaires in India: India ranks third in terms of number of billionaires, number of wealthy people in the country reaches 185