1% of India's adult population likely to be millionaires by 2030: Report

According to HSBC Holdings Plc. report in Bloomberg, Singapore will take over Australia and have Asia's highest share of millionaires in the adult population by 2030

By 2030, India could house more than six million millionaires, which accounts for 1 per cent of its adult population, whereas China is expected to have around 50 million millionaires by 2030, according to a media report.