Photographs: Parth Sanyal/Reuters
Private wealth in India will more than double to $4.5 trillion by 2017, from $2 trillion at the end of 2012, according to consultancy firm BCG.
As much as 65 per cent or $1.3 trillion of the wealth is in the form of cash and deposits, while investments in bonds account for 21 per cent and equities account for 13 per cent, said the report.
Take a look at the countries with most millionaires...
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Countries with most millionaires: India ranked at 15
Photographs: Charles Platiau/Reuters.
Rank: 1
Number of millionaire households: 5.9 million
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Countries with most millionaires: India ranked at 15
Photographs: Yuriko Nakao/Reuters.
Japan
Rank: 2
Number of millionaire households: 1.5 million
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Countries with most millionaires: India ranked at 15
Photographs: Jason Lee/Reuters
China
Rank: 3
Number of millionaire households: 1.3 million
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Countries with most millionaires: India ranked at 15
Photographs: Stefan Wermuth/Reuters
United Kingdom
Rank: 4
Number of millionaire households: 5,09,000
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Countries with most millionaires: India ranked at 15
Photographs: Arnd Wiegmann/Reuters
Switzerland
Rank: 5
Number of millionaire households: 3,95,000
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Countries with most millionaires: India ranked at 15
Photographs: Mark Blinch/Reuters
Canada
Rank: 6
Number of millionaire households: 3,73,000
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Countries with most millionaires: India ranked at 15
Photographs: Thomas Peter/Reuters
Germany
Rank: 7
Number of millionaire households: 3,62,000
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Countries with most millionaires: India ranked at 15
Photographs: Nicky Loh/Reuters
Taiwan
Rank: 8
Number of millionaire households: 3,12,000
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Countries with most millionaires: India ranked at 15
Photographs: Reuters.
Italy
Rank: 9
Number of millionaire households: 2,74,000
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Countries with most millionaires: India ranked at 15
Photographs: Charles Platiau/Reuters
France
Rank: 10
Number of millionaire households: 2,56,000
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Countries with most millionaires: India ranked at 15
Photographs: Bobby Yip/Reuters
Hong Kong
Rank: 11
Number of millionaire households: 2,31,000
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Countries with most millionaires: India ranked at 15
Photographs: Michael Kooren/Reuters.
The Netherlands
Rank: 12
Number of millionaire households: 1,91,000
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Countries with most millionaires: India ranked at 15
Photographs: Ilya Naymushin/Reuters
Russia
Rank: 13
Number of millionaire households:1,80,000
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Countries with most millionaires: India ranked at 15
Photographs: Reuters
Australia
Rank: 14
Number of millionaire households: 1,78,000
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Countries with most millionaires: India ranked at 15
India
Rank: 15
Number of millionaire households: 1,64,000
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