India to be among top wealth markets in the world

India is set to occupy a major position in the top 10 wealth markets in 2012 after edging out Spain for 10th slot in 2011, says a report by Datamonitor.

Moreover, the cumulative value of the liquid assets held by millionaires in the emerging economies of Brazil, China, and India are likely to triple to $4.6 trillion from $1.5 trillion between 2006 and 2015.

India, in particular, will experience explosive growth, the report said.

Let's take a look at the top 12 markets.

NOTE: The rankings are based on millionaires holding the largest markets

...

The United States

Balance held by millionaires (2015): $12,029 billions

Balance held by millionaires (2011): $9,623 billions

Balance held by millionaires (2006): $9,381 billions

Global rank (2015): 1

...

China

Balance held by millionaires (2015): $3,191 billions

Balance held by millionaires (2011): $2,440 billions

Balance held by millionaires (2006): $2,556 billions

Global rank (2015): 2

...

Japan

Balance held by millionaires (2015): $2,783 billions

Balance held by millionaires (2011): $1,802 billions

Balance held by millionaires (2006): $1,017 billions

Global rank (2015): 3

...

The United Kingdom

Balance held by millionaires (2015): $1,057 billions

Balance held by millionaires (2011): $856 billions

Balance held by millionaires (2006): $744 billions

Global rank (2015): 4

...

Germany

Balance held by millionaires (2015): $819 billions

Balance held by millionaires (2011): $698 billions

Balance held by millionaires (2006): $660 billions

Global rank (2015): 5

...

India

Balance held by millionaires (2015): $747 billions

Balance held by millionaires (2011): $437 billions

Balance held by millionaires (2006): $205 billions

Global rank (2015): 6

...

Brazil

Balance held by millionaires (2015): $705 billions

Balance held by millionaires (2011): $471 billions

Balance held by millionaires (2006): $265 billions

Global rank (2015): 7

...

Italy

Balance held by millionaires (2015): $701 billions

Balance held by millionaires (2011): $605 billions

Balance held by millionaires (2006): $623 billions

Global rank (2015): 8

...

Canada

Balance held by millionaires (2015): $655 billions

Balance held by millionaires (2011): $528 billions

Balance held by millionaires (2006): $470 billions

Global rank (2015): 9

...

France

Balance held by millionaires (2015): $556 billions

Balance held by millionaires (2011): $473 billions

Balance held by millionaires (2006): $465 billions

Global rank (2015): 10

...

Spain

Balance held by millionaires (2015): $417 billions

Balance held by millionaires (2011): $372 billions

Balance held by millionaires (2006): $372 billions

Global rank (2015): 11

...

Taiwan

Balance held by millionaires (2015): $352 billions

Balance held by millionaires (2011): $269 billions

Balance held by millionaires (2006): $218 billions

Global rank (2015): 12