Tag Archives: investment in india

Corporate America Asks Arun Jaitley To Reduce Tax Policy Uncertainties

pc: ndtv

Ahead of the Union Budget, corporate America has urged Finance Minister Arun Jaitley for further reduction in tax uncertainty for multinational companies and institutional investors, a step which it said would help attract more foreign direct investments to India.

“A significant positive step toward improving the investment climate would be to further reduce tax uncertainty for multinational companies and institutional investors in India,” Nisha Desai Biswal, the president of the Continue reading

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There could be 370,000 millionaires in India in 2022-says wealth report

LONDON: India has 340,000 people in the top 1% of global wealth holders accounting for a 0.7% share, including 1,820 with wealth over $50 million and 760 having more than $100 million, according to a new global wealth report released Tuesday.

The Zurich-based financial services major Credit Suisse estimates there could be 370,000 millionaires in India in 2022.

Since the financial crisis broke in 2008, the report says global wealth has grown by 27%. In the 12 months to mid-2017, it grew at a faster pace than in recent years, with mean wealth per adult reaching a record high.

“The United States continued its unbroken spell of gains since the financial crisis, bolstered by strong market conditions. It added $8.5 trillion to the stock of global wealth, which is half of the wealth generated globally over the 12 months to mid-2017.”

In percentage terms, India’s stock of household wealth during the period grew at 10.1%, although its addition to total global wealth was limited to $451 billion.

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