For all the yachting analysts, new entrants to the yachting industry and all the existing players… this post ascertains that the future of yachting is in India.
India is expected to have the highest number of billionaires within 10 years from now. We at Giira have always have believed that the yachting industry in India will reach its maturity 7 years from now. So from now until then we can expect the billionaires to be the initial trend setters of the yachting industry, as they would be the ones indulging in this lifestyle.
According to this article currently India is the 4th largest in terms of billionaire population in the world, 1st being USA. This report has been created by Forbes magazine. The results were measured as per an online survey conducted on the Forbes website, where over 11,800 votes were cast at the last count, only 17 per cent of respondents believe that the US would have the most billionaires in 2017.
53 per cent of the online voters believed that India would be the at the top 10 years from now. China has come 2nd close. Russia comes at fourth position with three per cent, while Brazil, Canada, Germany, Japan and the United Kingdom have one per cent each. So far, virtually no vote has been cast for France having the maximum billionaires in 2017.
Infact Forbes has reported that half of world's 20 richest were from the US two years ago, but there are only four now.
Here are some quick facts about India -
1. in 2007 there were and estimated 1,20,000 indians with assets exceeding $1million.
2. India has the 2nd fastest growing population for HNI in the world and is growing at about 19.3% pa.
3. 13,000 new millionaires were added in India last year alone (2007) which was a 15% increase over the previous year.
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