India ranked 6th in list of wealthiest countries

According to a report by New World Wealth, India has been ranked 6th in the list of wealthiest countries with total wealth of $8,230 billion US dollars. As per report, India was the best performing wealth market globally in 2017 as its total wealth swelled from 6,584 billion dollars in 2016 to 8,230 billion dollars in 2017, registering a 25% growth. The report noted that the United States is the wealthiest country in the world as the total wealth held in 2017 amounted to $64,584 billion, followed by China ($24,803 billion) and Japan ($19,522 billion). Total wealth refers to the private wealth held by all the individuals living in each country. It includes all their assets. However, the report excludes government funds from its figures. Others in the list include United Kingdom (4th, $9,919 billion), Germany (5th, $9,660 billion), France (7th, $6,649 billion), Canada (8th, $6,393 billion), Australia (9th, $6,142 billion) and Italy (10th, $4,276 billion).