Maharashtra has 56,000 millionaire households; highest in India | Economic Times
With 56,000 dollar-millionaire households, Maharashtra leads the country in wealth creation followed by Uttar Pradesh, Tamil Nadu, Karnataka and Gujarat, says a report. These states together account for 46 per cent of the 4.12-lakh millionaire households in the country.
According to a wealth report by Hurun India, known for its annual rich list, there were 4.12 lakh dollar-millionaire households last year in the country, which has been one of the fastest wealth-creating economies producing the third-most number of billionaires annually.
A household having an annual income of more than USD 1 million is considered as a dollar-millionaire household.
Maharashtra — which has the highest GSDP among all the states contributing around 16 per cent of national GDP — has 56,000 dollar-millionaire households last year. Between FY13 and FY19, the economy has been growing annually at 6.9 per cent and the state is also home to 247 richest individuals.
Uttar Pradesh has the second largest number of millionaire households at 36,000. Its economy has been annually growing at 10.6 per cent in the past one decade.
At the third spot is Tamil Nadu with 35,000 dollar-millionaire households. In the past five financial years, its economy has clipped at 12.2 per cent annually. The state is also home to 65 of the richest Indians.
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