Number of Indian millionaires to double by 2015

The Swiss wealth manager Julius Baer Report said, Asia will add 1.66 million dollar-millionaires by 2015, taking the total number of wealthy to 2.82 million as the world's fastest-growing major economies of China and India continue to mint millionaires.
The wealth manager forecast that China and India would collectively contribute 40 percent to global growth for 2011 and 2012.
The wealth of HNIs (High Net worth Individuals ), those with $1 million or more in investable assets, would nearly triple to $15.8 trillion in the five years to 2015.

India would more than double the number of HNIs to 403,000 by 2015. China alone would be home to nearly half of the millionaires in Asia with combined wealth of $8.8 trillion. The world's most populous nation had 502,000 million HNIs with investable assets totaling $2.6 trillion.

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