Wealthy Indians

Confluent head India's wealthiest new entrant in Hurun rankings, Roshni Nadar Malhotra tops second year in a row

Many economists doubt the feasibility and desirability of wealth tax in the current economic environment

Indian billionaires saw their combined fortunes more than double during the Covid-19 pandemic, and their count shot up by 39 per cent to 142

Most affluent individuals in India have reset their life goals following the pandemic: Survey

More than 300 Indian names are part of the list.

This comes in spite of Mukesh Ambani, Gautam Adani, the Poonawallas and many other Indians seeing a jump in their net worth in this time

India had passed the Wealth Tax Act, 1957 which was levied on an individual, a Hindu Undivided Family and a Corporate entity on its valuation, which was repealed in April 2016

The company on Thursday became the first Indian firm to hit the Rs 10 lakh crore market valuation mark following a spike in its share price.

The consultant further highlighted that the profile of wealthy Indian buyers are becoming younger.

Mukesh Ambani's net worth crosses Rs 3 trillion, Radhakishan Damani sees most increase in wealth

India is also expected to become the third largest contributor in Asia

The reason for India's performance was a 30 per cent jump in the stock market