More than 7,300 Indians became Millionaire in just 1 month

NEW DELHI: NP NEWS 24 ONLINE –It is said that due to the new economic policy the rich are getting richer and the poor’s are getting poorer. One needs to research on the topic of poverty in India.  The population of rich in this country is growing rapidly. This year 7,300 Indians are added in the list of the Millionaire.

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The number of Millionaire in India has increased to 3.43 lakh with the addition of 7,300 in last year said the report of Credit swiz. The total wealth of these Millionaire family is more than 441 lakh crore. It is expected that India will have around 4 lakh Billionaires in 2020.

Credit swiz is a financial institution. The report of that institution said, that till mid-2018 India had 3,43 lakhs Millionaire and in a year the number has increased by 7,300. Out of these 3,400 millionaires have wealth worth 368 crores. 1000 billionaires hold wealth worth 736 crores.

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The reports of Credit Swiz says that there will be a huge gap between the rich and poor in 2023. India has developed in recent past which has increased the income as well but everyone is not getting benefit out of it. India is still in danger when it comes to distribution of wealth. The wealth of 10 thousand dollars is in the hand of 92 percent and 8 percent holds the most of the wealth.

The exchange rate of the dollar against rupee has increased by 2.6 percent. By 2023 the gap between rich and poor will increase by 56 percent and by 2023 the number of rich people will increase by a drastic number. By 2023 the number of Millionaire will increase to 5 lakhs 26 thousand.