<p> India has figured among the top 10 wealthiest countries in the world with a total individual wealth of $ 5,600 billion, while the United States topped the chart.<br /><br /></p>.<p>According to a report by New World Wealth, India was ranked 7th, ahead of Canada ($ 4,700 billion), Australia <br />($ 4,500 billion) and Italy <br />($ 4,400 billion), which came in at 8th, 9th and 10th slots, respectively.<br />According to their website, New World Wealth is a global wealth intelligence and market research company, providing customised services to wealth managers, family offices, real estate professionals, migration platforms and fund managers.<br /><br />The study ranked the wealthiest countries in the world as of June 2016 in terms of total individual wealth held.<br /><br />The US is the wealthiest country in the world with a total individual wealth of <br />$ 48,900 billion, while China stood second and Japan third, with total individual wealth of $ 17,400 billion and $ 15,100 billion, respectively.The United Kingdom stands fourth with $ 9,200 billion.<br /><br />Germany is 5th with $ 9,100 billion) followed by France (6th, $ 6,600 billion).<br />Wealth refers to net assets of a person and includes all their assets — property, cash, equities and business interests — the report said, adding that it excludes government funds from its figures.<br /><br />India’s ranking is mainly because of its large population. “Australia’s ranking is impressive, considering it only has 22 million people living there,” the report explained.<br /><br />Over the last five years, China was the fastest growing wealthiest country in terms of dollar-wealth growth.<br /><br />On India, the report stated: “Australia and India also grew strongly, and India, Australia and Canada have just overtaken Italy over the past 12 months.”<br /><br /></p>
<p> India has figured among the top 10 wealthiest countries in the world with a total individual wealth of $ 5,600 billion, while the United States topped the chart.<br /><br /></p>.<p>According to a report by New World Wealth, India was ranked 7th, ahead of Canada ($ 4,700 billion), Australia <br />($ 4,500 billion) and Italy <br />($ 4,400 billion), which came in at 8th, 9th and 10th slots, respectively.<br />According to their website, New World Wealth is a global wealth intelligence and market research company, providing customised services to wealth managers, family offices, real estate professionals, migration platforms and fund managers.<br /><br />The study ranked the wealthiest countries in the world as of June 2016 in terms of total individual wealth held.<br /><br />The US is the wealthiest country in the world with a total individual wealth of <br />$ 48,900 billion, while China stood second and Japan third, with total individual wealth of $ 17,400 billion and $ 15,100 billion, respectively.The United Kingdom stands fourth with $ 9,200 billion.<br /><br />Germany is 5th with $ 9,100 billion) followed by France (6th, $ 6,600 billion).<br />Wealth refers to net assets of a person and includes all their assets — property, cash, equities and business interests — the report said, adding that it excludes government funds from its figures.<br /><br />India’s ranking is mainly because of its large population. “Australia’s ranking is impressive, considering it only has 22 million people living there,” the report explained.<br /><br />Over the last five years, China was the fastest growing wealthiest country in terms of dollar-wealth growth.<br /><br />On India, the report stated: “Australia and India also grew strongly, and India, Australia and Canada have just overtaken Italy over the past 12 months.”<br /><br /></p>
