Weekly Current Affairs

Notice

  1. The total quantum of wealth is rising in India but so is the disparity between those who have wealth and those deprived of it.
  2. A report on global wealth by Credit Suisse said that the uneven growth has left 96 % of adult population in India at base of the wealth pyramid. Further, wealth in India is dominated by property and other real estate that make up 86 per cent of its estimated household assets, according to the global financial services major.
  3. Study said that wealth in India in local currency terms increased 5.1% in 2016 but due to adverse currency exchange movements, India’s household wealth fell by 0.8 per cent to $3 trillion in dollar terms.
  4. Globally, the overall growth in wealth remained limited in 2016, continuing the trend that emerged in 2013 and contrasting sharply with the double-digit growth rates witnessed before the global financial crisis of 2008. The total global wealth in 2016 edged up by 1.4 per cent or $3.5 trillion to a total of $256 trillion.