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[QUOTE=Admin;612]In Asia, India is already biggest home to maximum number of billionaires, followed by China (42), Hong Kong (26), Japan (24) and Australia (14).

In this year's list of billionaires, there were 226 newcomers, which included 77 from the US. Besides, there were 35 newcomers from Russia, 28 from China and 19 from India.

This represents an annual growth of more than 50 per cent in the number of Indian billionaires from India. Going by this growth rate, the number could increase by 53 currently to close to 3,000 in 10 years from now.

Even if the average annual growth rate is of just about half of this at about 25 per cent, there could still be nearly a ten-fold increase to 500 by 2017.

Merrill Lynch and Capgemini had said in their latest annual wealth report that the millionaire population in India grew by 20.5 per cent last year to about 100,000. This was more than twice the rate of increase in number of the US millionaires and the world's second highest after 21.2 per cent for Singapore.[/QUOTE]

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