India's Millionaire Count Rises in 2024, Inequality Increases

In 2024, India saw an increase of 39,000 millionaires, which means more people in India have become very rich.

This is because the value of things like stocks went up.

Although India has more millionaires than some other countries, it also has a growing gap between the rich and the poor.

Compared to other countries, India has less of its wealth in investments, which means it could have more millionaires.

A lot of money is expected to change hands from older generations to younger ones in India over the next few years.