India pandemic economy reports India

Pandemic wealth

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Yet, as gains in capital markets can be volatile and subject to quick reversal, these wealth estimates don’t support the case for a new wealth tax.

The global economy at large had a subdued 2021 while trying to recover from covid-caused disruptions, but asset-holding households fared rather well.

According to the latest Global Wealth Report of Credit Suisse, global household wealth grew 9.8% over the year to reach $463.6 trillion, with wealth per adult climbing to $87,489.

We did well on this count too. Household wealth in India rose 12% to an estimated $14.23 trillion, with wealth per adult placed at $15,535.

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