India has 103 billionaires
AS per the latest Census of world billionaires conducted by Wealth-X, India has 103 billionaires. This is in dollar terms. Let us do a quick conversion. One billion is a hundred Crores; so a hundred crores dollars will in our terms be equal to about Rs.6200 Crores. So the survey shows that there are 103 Indians with a wealth of over 6300 Crores rupees. The survey must be totally off the mark as far as India is concerned - of course they take into consideration only white money. Every top politician in India must be worth far more than that - some of the politicians are said to be worth more than a lakh crores. Anyway we are talking of declared wealth.
India has the sixth largest billionaire population in the world, narrowly behind Russia. The majority of Indian billionaires are college-educated, with 72 percent possessing at least a bachelor's degree (Switzerland and the US are the only other two countries that have a higher proportion of university-educated billionaires.)
India is one of the few countries where finance, banking and investments is not one of the most significant industries. Instead, industrial conglomerates and pharmaceuticals are the first and second most significant industries for Indian billionaires. Only 3% of Indian billionaires are women. 95 percent of Indian billionaires made their billions in India only.