Household wealth rises 10% to $5 trillion

India’s household wealth increased 10 per cent to $5 trillion in the one-year period to mid-2017, says a Credit Suisse report. 

Aggregate global wealth for the period increased by 6.4 per cent to $280 trillion. “Fluctuations in asset prices and exchange rates account for much of the change in household wealth across regions and countries in the short run,” the report said. 

India’s market capitalisation has risen 30 per cent, house prices by around 10 per cent and the rupee has appreciated by four per cent against the dollar during the period under consideration. As a result, India’s wealth grew by $451