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LATEST NEWS UPDATES | Credit Suisse report: ‘Despite Covid, wealth of Indian adults rises marginally in 6 months’

Credit Suisse report: ‘Despite Covid, wealth of Indian adults rises marginally in 6 months’

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published Published on Oct 23, 2020   modified Modified on Oct 23, 2020

-The Indian Express

Over the first half of 2020, while average wealth rose by only 1.7 per cent, Credit Suisse estimated that the full rise for 2020 will be 5-6 per cent and 2021 will see growth of about 9 per cent.

The average wealth of Indian adults rose marginally by $120 (about Rs 8,800) to $17,420 (Rs 12.77 lakh) at end-June 2020, as against $17,300 as of December 2019, showing some growth despite the Covid pandemic and lockdowns, Credit Suisse said in a report.

Over the first half of 2020, while average wealth rose by only 1.7 per cent, Credit Suisse estimated that the full rise for 2020 will be 5-6 per cent and 2021 will see growth of about 9 per cent. The country had 9,07,000 adults in the top 1 per cent of global wealth holders, which is a 1.8 per cent share, it said.

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The Indian Express, 23 October, 2020, https://indianexpress.com/article/business/credit-suisse-report-despite-covid-wealth-of-indian-adults-rises-marginally-in-6-months-6844153/


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