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India poised to become 8th largest wealth market by 2017 |
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Barclays Wealth on Wednesday last published its report titled Evolving Fortunes, which signals the rise of emerging markets such as India, displacing more developed economies, with China, Brazil and Russia also reaching the top 12 wealthiest countries ranking.
This, according to the report, signals a global shift in the distribution of wealth which will result in the terms “G7” or “developed” as an outmoded categorisation for wealthy economies.
The Household Wealth Index, developed by both B ...
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