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Financial wealth in India jumps 11% to $3.4 tn in 2020 despite pandemic: Report

India city Mumbai 2020 pandemic Coronavirus
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MUMBAI : Financial wealth in India grew 11% to $3.4 trillion in 2020 despite the coronavirus pandemic, a global consultancy estimated on Tuesday.The 11% growth in financial wealth was at par with the compounded annual growth rate for the five years to 2020, the report by BCG said.Financial wealth is defined as the total wealth excluding real assets and liabilities held by adult individuals.It can be noted that after a sharp correction in the early days of the pandemic, there has been a continuing rally in stocks since April last year, which has led to concerns being expressed across quarters.

Concerns are also being expressed about a greater disparity in incomes and the pandemic widening the divide.The report noted that the next few years.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
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Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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