<p>India is home to the fourth largest number of ultra-high-net-worth households that have more than 100 million dollars in private wealth, according to a new report topped by the US.<br /><br /></p>.<p>The Boston Consulting Group's 'Global Wealth 2015: Winning the Growth Game' report said continued economic expansion of China and India was driving growth in wealth in the Asia- Pacific region.<br /><br />The US remains the country with the largest number of ultra-high-net-worth (UHNW) households at 5,201, followed by China (1,037), the UK (1,019), India (928) and Germany (679) in 2014, it said.<br /><br />India's UHNW households grew manifold from 2013 when the number stood at 284.<br />The private wealth in the Asia-Pacific region expanded by a steep 29 per cent in 2014 to reach USD 47 trillion, enabling it to overtake Europe (Eastern and Western Europe combined) to become the world's second-wealthiest region, the report said.<br /><br />With a projected USD 57 trillion in 2016, Asia-Pacific (excluding Japan) is expected to surpass North America (a projected USD 56 trillion) as the wealthiest region in the world and will be the largest pool for client acquisition.<br /><br />"At such a pace, the region is expected to overtake North America as the world's richest region in 2016, with USD 57 trillion in private wealth," the report released yesterday said.<br /><br />The region is also projected to hold 34 per cent of global wealth in 2019.<br />With a projected annual growth rate of almost 10 per cent, private wealth in Asia-Pacific will rise to an estimated USD 75 trillion in 2019.<br /><br />Growth in wealth in the Asia-Pacific region was driven heavily by the continued economic expansion of its two largest economies China and India, the report said.<br />Private wealth in China and India also showed solid market gains driven mainly by investments in local equities, it said.<br /><br />China's equity market rose by 38 per cent and India's by 23 per cent, it added.</p>
<p>India is home to the fourth largest number of ultra-high-net-worth households that have more than 100 million dollars in private wealth, according to a new report topped by the US.<br /><br /></p>.<p>The Boston Consulting Group's 'Global Wealth 2015: Winning the Growth Game' report said continued economic expansion of China and India was driving growth in wealth in the Asia- Pacific region.<br /><br />The US remains the country with the largest number of ultra-high-net-worth (UHNW) households at 5,201, followed by China (1,037), the UK (1,019), India (928) and Germany (679) in 2014, it said.<br /><br />India's UHNW households grew manifold from 2013 when the number stood at 284.<br />The private wealth in the Asia-Pacific region expanded by a steep 29 per cent in 2014 to reach USD 47 trillion, enabling it to overtake Europe (Eastern and Western Europe combined) to become the world's second-wealthiest region, the report said.<br /><br />With a projected USD 57 trillion in 2016, Asia-Pacific (excluding Japan) is expected to surpass North America (a projected USD 56 trillion) as the wealthiest region in the world and will be the largest pool for client acquisition.<br /><br />"At such a pace, the region is expected to overtake North America as the world's richest region in 2016, with USD 57 trillion in private wealth," the report released yesterday said.<br /><br />The region is also projected to hold 34 per cent of global wealth in 2019.<br />With a projected annual growth rate of almost 10 per cent, private wealth in Asia-Pacific will rise to an estimated USD 75 trillion in 2019.<br /><br />Growth in wealth in the Asia-Pacific region was driven heavily by the continued economic expansion of its two largest economies China and India, the report said.<br />Private wealth in China and India also showed solid market gains driven mainly by investments in local equities, it said.<br /><br />China's equity market rose by 38 per cent and India's by 23 per cent, it added.</p>