Individuals' Wealth in India to Double to Rs 514 Lakh Crore by FY19: Report

Mumbai: Faster economic growth will help individuals' wealth in India to more than double to Rs 514 lakh crore over the next five years, while growing at an annual rate of about 15 per cent, a report by Karvy Private Wealth said on Tuesday. Interestingly, almost half of the individuals' wealth is kept in physical assets including real estate and gold. "Total individual wealth is expected more than double to Rs 514 trillion in...