Wealth per adult in India fell 6.1% in 2020, while it rose 6% globally. Much of the decline for India came from non-financial assets, value of which fell 6.8%. Financial assets saw an increase of 3.8%, while debt declined 5.
8%.India continues to lag well behind China on most metrics of wealth.At the end of 2020, wealth per adult in China was 5.4% higher than a year earlier. Gross assets per adult rose by 6.3%.
In 2020, wealth per adult was $67,771 in China and $14,252 in India. From 2000 to 2020, it grew at an average annual rate of 14.9% in China and 8.8% in India,the report said.
Both of these growth rates comfortably exceeded the average annual growth rate (4.8%) for the world as a whole over this period.