India to have 225 billionaires by 2022: report

March 15, 2013 22:28

India, which is at the fifth spot in global ranking with 122 dollar-billionaires in 2012, is likely to see a whopping 84 per cent growth in this number with 225 billionaires by 2022, real estate consultancy Knight Frank has said in a report.

Asia's third-largest economy, with 122 dollar-billionaires last year, is expected to see an 84 per cent rise in this number to 225 by 2022, according to the firm's `Wealth Report 2013' released in Mumbai today.

"The number of high networth individuals (HNIs) in the country is expected to more than double over the next 10 years to 17,032 from the present 8,481, a growth of 101 per cent. While Mumbai will witness a growth of 137 per cent, Delhi will clip at around 120 per cent," it said.

Mumbai, currently the seventh largest city in terms of HNIs with 2,105 individuals among the top 30 global cities, is likely to have 4,988 of them by 2022. Delhi, which is now ranked 11th with a total of 1,945 HNIs, is likely to have 4,278 super rich by 2022, the report added.

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