Indian billionaires added more wealth on Modi's success

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India recorded the highest growth rate across the globe for high net worth individuals (HNWIs)* population (26.3%) and wealth (28.2%) in 2014, according to a report by Capgemini and Royal Bank of Canada Wealth Management. The report titled 'World Wealth Report' 2015 attributed this rise to a decisive mandate to the Prime Minister Narendra Modi-led Bharatiya Janata Party, fall in crude oil prices and inflation. It said a decisive 'mandate combined with sound monetary policy ushered in a positive wave of sentiments'. The report said significant growth in ultra HNWIs (those with more than $30 million of investable assets), wealth in India (31.3%) and China (21.6%) led the highest growth in the Asia-Pacific region. Overall India jumped five positions to be ranked 11th globally. Here is a snapshot of the report: