The collaps of the stock market following the global financial crisis took a high toll on the High Net Worth Individuals (HNWI) in India. Their numbers dwindled from 1,23,000 to 84,000.
Hong Kong saw the biggest decline in HNWI at 61.3 per cent while India came second at 31.6 per cent. Japan which accounts for more than 50 per cent of the HNWI in the Asia Pacific region suffered a relatively mild decline at 9.9 per cent.
satish .............. 26 June
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