India has figured among the top 10 wealthiest countries in the world with a total individual wealth of $5,600 billion while the US topped ($48,900 billion) the chart. China is second and Japan is third with wealth approximately $17,400 billion and $15,100 billion, respectively.
According to a report published by New World Wealth [$5,600 billion], India was ranked 7th ahead of Canada ($4,700 billion), Australia ($4,500 billion) and Italy ($4,400 billion), which came in at 8th, 9th and 10th slots, respectively.
According to World Bank data India's gross per capita national income in 2015 stood at $6,020, ranking it 120 out of 216 countries. While it’s per capita income in 2015 in terms of purchasing power parity (PPP) ranks it at 151. The ranking of India is largely credited to its enormous population. The report also state that India and Australia have grown strongly in recent times.
Other countries include United Kingdom (4) with a total individual wealth of $9,200 billion, followed by Germany (5th, $9,100 billion) and France (6th, $6,600 billion).
The total wealth is calculated including the net assets (property, cash, equities, business interests) minus any liabilities for each country included.