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Indian billionaires' wealth up 42% in last financial year, says report

IndiaTimes Sunday, 8 December 2024
Indian billionaires' wealth surged 42% to over $905 billion in the last financial year, making India the third largest billionaire base globally. This growth is fueled by family-led businesses, a favorable economic environment, and structural reforms. Globally, billionaire wealth growth has slowed, but India remains an exception, potentially mirroring China's prior growth trajectory.
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