India's financial capital is also its richest city and home to its wealthiest man

Mumbai, India's monetary capital and in addition residence to its richest man, is the nation's wealthiest metropolis forward of nationwide capital Delhi and the IT metropolis of Bangalore — also called India's Silicon Valley. 

In response to the New World Wealth report, Mumbai is house to 46,000 millionaires and 28 billionaires together with a complete wealth of $820 billion. 

Capital Delhi is house to 23,000 millionaires and 18 billionaires with a complete wealth of $450 billion, whereas Bangalore with a complete wealth of $320 billion homes 7,700 millionaires and eight billionaires, lots of which probably belong to the nation's booming know-how sector.

This is how Indian cities stacked up when it comes to wealth.

The report additionally ranked India among the many prime 5 nations on the planet when it comes to millionaire outflows. Round 6,000 uber-rich Indians modified their domicile in 2016, up 50 % from the yr earlier than. 

France, in the meantime, noticed the utmost outflow of millionaires, with as many as 12,000 super-rich people leaving the nation owing to rising spiritual tensions between Christians and Muslims, claimed the report. 

India clocked an general wealth of $6.2 trillion (as of December 2016) and is residence to 264,000 millionaires and 95 billionaires.

“Over the subsequent decade, India is predicted to profit from robust progress within the native monetary providers, IT, actual property, healthcare and media sectors... Hyderabad, Pune and Bangalore are anticipated to steer the pack when it comes to wealth progress," the report stated.