Survey of India's $ millionaire households with Rs 7 crore net worth: Mumbai, Delhi, Kolkata top list

Amid concerns of growing income inequality due to the effects of the Covid-19 pandemic, a survey shed light on the number of millionaire households in India's major cities.

Mumbai reportedly topped the list with 20,300 households having a net worth of at least Rs 7 crore. Delhi came second with 17,400 and Kolkata third with 10,500 millionaire households.

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These are the findings part of the Hurun India Wealth Report 2021.

The survey said that the number of dollar-millionaire households in India has risen by 11% to 4.58 lakh, as compared to the previous year. Hurun India expects this number to rise 30% over the next 5 years, to reach 6 lakh households.

Last month, Oxfam reportedly said that the number of billionaires in India grew from 102 to 142 in 2021, even as the income of 84% Indian households declined. The Oxfam report had said that in 2021, the collective wealth of India's 100 richest people hit a record high of Rs 57.3 lakh crore, while the bottom 50% of the Indian population possessed 6% of national wealth.