New Delhi: India is getting wealthier. According to the Forbes' annual 40 richest Indians list, the number of billionaires double since last year.
"There are as many as 27 billionaires, which is more than double of last year's count," Forbes latest data said.
According the Forbes, with a cut off net worth of $590 million to feature in the list, as many as seven new Indians made it to the list of the 40 richest.
Even more interesting is that the collective net worth of the 40 richest Indians outstrips that of China by as much as four times.
According to Forbes' data, the collective net worth of Indian billionaires stood at $106 billion as against just $26 billion of their Chinese counterparts.
The Forbes' figures, when it comes to the minimum net worth of the their wealthiest citizens in the top 40 list, India's least is $590 million, while that of China is worth just $321 million.
In terms of number of billionaires also, India leads China by a mile with 27 billionaires as compared to just 10 of the latter.
The figures give India the 'bragging rights' considering the fact that China's GDP stands at $7.3 trillion with a growth rate of 9.5 per cent as against India's $3.3 trillion and a growth rate of 7.3 per cent.
In this year's list of the richest Indian, steel tycoon Lakshmi Mittal continued to lead the list with a net worth of $20 billion, followed by Wipro's Azim Premji with $11 billion.
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