Dollar millionaires in India rise 11% in pandemic-hit 2021; less happy than last year: Survey

The Hurun Report findings on the dollar millionaires come at a time when there is rising concern about the growing inequality in the country with a population of over 130 crore

Dollar millionaires or those possessing a personal wealth of over ₹7 crore rose by 11% to 4.58 lakh households in India at the end of the pandemic-hit 2021, as per a survey.

The survey of 350 such dollar millionaires also indicated that the number of those who classify themselves as happy in personal and professional lives slipped to 66% in 2021, down from 72% in the previous year.

The Hurun Report findings on the dollar millionaires come at a time when there is rising concern about the growing inequality in the country with a population of over 130 crore.

A recently released report by non-profit organisation Oxfam pegged the wealth of top 100 richest Indians at $775 billion and added that India accounted for 4.6 crore or half of the overall people on the planet falling into extreme poverty in 2021.

The report estimated the number of Indian dollar millionaires to increase by 30% to touch six lakh households by 2026.

“Mumbai is home to the largest number of dollar millionaires at 20,300 households, followed by Delhi at 17,400 and Kolkata with 10,500,” it said.