To be honest it is very difficult to access the correct number of Crorepatis’s in India due to tendency of people to hide their wealth to avoid paying income tax as they are Croreapti’s because of their investment in land whose original price is in multiple times of the actual land value for which registeration is done. However we can let you know the individual wealth which is likely to be Rs 249 lakh crore by 2015-16
The source of this report is by Karvy Private Wealth.which suggests that individual wealth of Indians is set to register a compounded annual growth rate of 23 per cent over the next four years. According to estimates from Karvy, individual wealth is projected to nearly triple to Rs 249 lakh crore by 2015-16.
As in FY 2011 (financial year ended March 2011) the total wealth in India held by individuals is estimated to be Rs 86.5 lakh crore.
You can get to know how long will it take for you to become a Crorepati in India and accordingly you can make your wealth to work to be in the elite Crorepati band in India. Do not forget to get the share bazar tips which will make money for in the stock market every day.
