India has figured among the top 10 wealthiest countries in the world with a total individual wealth of USD 5,600 billion.
According to a report by New World Wealth, India was ranked 7th ahead of Canada (USD 4,700 billion), Australia (USD 4,500 billion) and Italy (USD 4,400 billion), which came in at 8th, 9th and 10th slots, respectively.
The US is the wealthiest in the world in terms of total individual wealth held (USD 48,900 billion) while China stood second and Japan third, with total individual wealth of USD 17,400 billion and USD 15,100 billion, respectively.
Others in the top 10 club include the United Kingdom (4) with a total individual wealth of USD 9,200 billion, followed by Germany (5th, USD 9,100 billion) and France (6th, USD 6,600 billion).
Wealth refers to net assets of a person. It includes all their assets (property, cash, equities, business interests) less any liabilities, the report said adding that it excludes government funds from its figures.
The ranking of India as one of the top 10 wealthiest countries in the world is largely because of its large population.
