Global wealth, which has increased by 27 percent over the past 10 years (from $169 trillion at the tip of 2007 to $215 trillion at the tip of 2017), helped by strong wealth growth in Asia, is ready to rise by 50 percent over the subsequent decade, reaching $321 trillion by 2027, in line with a report by AfrAsia Bank.
This growth might be driven again by strong growth in Asia.
The UAE’s first English-language newspaper, Khaleej Times, reported that India would record the fastest economic growth of 200 percent in 10 years and turn out to be the fourth richest country on the earth with private wealth of $24.69 trillion, overtaking Britain and Germany.
The AfrAsia Bank Global Wealth Migration Review 2018 also revealed that Asia’s third-largest economy, now ranked because the world’s sixth richest, topped the list of “best performing wealth markets” with a 25 per cent increase to $8.23 trillion, while global wealth increased by 12 per cent in 2017 (from $192 trillion at the tip of 2016 to $215 trillion at the tip of 2017).
“Wealth migration numbers are a vital indicator of the financial health of an economy. For example, if a rustic is losing a lot of high net value individuals (HNWIs) to migration, it is probably going because there are serious problems within the country (crime, lack of business opportunities, religious tensions, etc.).
“Conversely, countries attracting HNWIs tend to be very healthy and tend to have low crime rates, good schools and good business opportunities,” the AfrAsia Bank report said.
Here is the complete list The world’s best-performing wealth markets 2016–2017. Only one country on this region maintains good economic condition:
The report features a Vietnamese city that AfrAsia believes might be an engine of world wealth. Ho Chi Minh City.
Source : https://www.khaleejtimes.com/business/economy/india-to-post-fastest-wealth-growth-till-27
