Rediff reports that Delhi has the most crorepatis in India. The figures are based upon the National Council of Applied Economic Research's forthcoming 'The Great Indian Middle Class' which is based on a sample of over 3,00,000 households and is a part of NCAER's annual household survey.
They have defined crorepati households as those having an annual income of Rs 1 crore [USD 220,000]. So Delhi it seems has 5,085 super-rich households [which comes to roughly 1 in 500] and Mumbai has 4,439 [1 in 800].
Interestingly, Nagpur shows the fastest growth in this elite group and has 425 super-rich households.
The whole study looks pretty interesting and it would be fun to delve into other parts of it, also into other classes of income as well.
Posted by anya at July 15, 2004 11:44 AM | TrackBackTrue, Nagpur is one of the fastest growing cities in India now... and so is Gurgaon.
Delhi is lucky because Delhi and other important cities near it form a financial region called the 'NCR'. Cities in these regions afford a lot of advantages... local clearing of cheques being one of them.
Posted by: Amol Hatwar at July 15, 2004 02:49 PMI was sure this Nagpur thing would get a comment from you ;-)
Posted by: anya at July 15, 2004 03:29 PMWell , what is new in this survey it like the pipedpiper.ytaking all these MNCs for a dream ride...seraching for the great Indian middle Class..very much Elusive ....the survey takes a whole lot and more from Maslow.. so these deprived will remain deprived
Posted by: raj at August 4, 2004 11:45 PM