Online Learning Portal
Online Learning Portal
Hybrid Classes
We provide offline, online and recorded lectures in the same amount.
Personalised Mentoring
Every aspirant is unique and the mentoring is customised according to the strengths and weaknesses of the aspirant
Topicwise Mindmaps
In every Lecture. Director Sir will provide conceptual understanding with around 800 Mindmaps.
Quality Content
We provide you the best and Comprehensive content which comes directly or indirectly in UPSC Exam.
DAILY NEWS ANALYSIS
PRINT
23 October, 2019
Min Read
Context:
The Credit Suisse Group, a Switzerland-based multinational investment bank, has released the 10th edition of its annual Global Wealth Report.
How is wealth defined and calculated?
Wealth is defined in terms of “net worth” of an individual. This, in turn, is calculated by adding up the value of financial assets (such as money) and real assets (such as houses) and then subtracting any debts an individual may have.
Key points:
China has overtaken the United States this year to become “the country with most people in the top 10% of global wealth distribution ”.
44% of total wealth with 0.9%: 47 million people – accounting for merely 0.9% of the world’s adult population – owned $158.3 trillion.
Bottom half of wealth holders collectively accounted for less than 1% of total global wealth in mid-2019, while the richest 10% own 82% of global wealth and the top 1% alone own 45%.
Global financial crisis of 2008-09 has hurt those at the bottom of the pyramid more than the wealthiest as inequalities within countries grew in the wake of the GFC. As a result, the top 1% of wealth holders increased their share of world wealth.
India specific points:
India remains one of the fastest wealth creators in the world, with household wealth in dollar terms growing faster than any other region.
Wealth per Indian adult is at $14,569 ( ?10.31 lakh as on 21 October). However, the average number is skewed heavily by a few wealthy individuals.
India accounts for 2% of the world’s millionaires.
What are the drivers of the wealth of nations?
Overall size of the population: A country with a huge population, in terms of final calculation, this factor reduces the wealth per adult. Also, a big population provides a huge domestic market and this creates more opportunities for economic growth and wealth creation.
Country’s saving behaviour: A higher savings rate translates into higher wealth. Overall, a percentage point rise in the savings rate raises the growth rate of wealth per adult by 0.13% each year on average.
General level of economic activity as represented by aggregate income, aggregate consumption or GDP: The expansion of economic activity increases savings and investment by households and businesses, and raises the value of household-owned assets, both financial and non-financial.
Source: THE HINDU
18 Mar, 26
The Supreme Court of India recently gave a final three-week deadline to the Telangana Assembly Speaker to decide pending disqualification petitions against defecting MLAs under the Anti-Defection Law. What is the Anti-Defection Law? The Anti-Defection Law was introduced through the 52nd Amendment (1985), which added the Tenth Schedule to the
18 Mar, 26
A major disaster unfolded in East Jaintia Hills, Meghalaya, when at least 18 workers died following an explosion in an illegally operating rat-hole coal mine. This incident highlights the continued prevalence of rat-hole mining despite bans imposed by the National Green Tribunal (NGT) and the Supreme Court of India. Rat-hole mining is driven
17 Mar, 26
India’s aviation sector has grown rapidly, becoming a major economic success story. However, regulatory oversight has not evolved at the same pace. Data-driven monitoring of fares and market behavior is essential to ensure fair competition, prevent market abuse, and shift from reactive crisis management to proactive regulation. Challen
14 Mar, 26
Recently, a high-level committee on Union–State relations submitted its first report to the Government of Tamil Nadu. The report examines the distribution of powers and responsibilities between the Union and the States, highlighting ongoing debates regarding the balance between central authority and state autonomy. This discussion is clos
14 Mar, 26
The relationship between India and the United Arab Emirates has evolved from a traditional energy-based partnership into a comprehensive economic and strategic relationship. Over the years, strong political trust, growing trade, and expanding investments have transformed bilateral ties into a diversified economic corridor. The economic partnership
22 Mar,2026
Our Popular Courses
Module wise Prelims Batches
Mains Batches
Test Series
24 × 7 Support :
8287714422
Whatsapp :
8010068998
Email Us: query@aspireias.com
My Notes
Geography And Environment
