Richer India bucks gloomy world trend as it loaded wealth when others lost
India has defied the global trend of declining wealth in 2022, according to a report by Credit Suisse-UBS. The country's ultra-high-net-worth and billionaire populations are projected to grow significantly in the coming years. Singapore also experienced an increase in wealth, with median and average household wealth rising in 2022. These findings highlight the resilience of the Indian and Singaporean economies amid global economic challenges.
Source: indiatimes.com