So where do Indias billionaires get their wealth?

October 03, 2012 16:14

Out of India's 46 billionaires in 2012, 20 had drawn their primary source of wealth (at least originally) from sectors that can be classifed as "rent-thick' (real estate, construction, infrastructure or ports sectors, media, cement, and mining).

The remaining 26 billionaires had drawn their primary source of wealth from "other' sectors (IT/software, pharmaceuticals and biotech, finance, liquor and automotives, etc). Overall, 43% of the total number of billionaires, accounting for 60% of billionaire wealth in India, had their primary sources of wealth from rent-thick sectors, report Aditi Gandhi and Michael Walton, for the Economic and Political Weekly, here

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