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Hurun Rich List 2020: India coins 3 billionaires a month as stock markets surged to records

R Sinduja

News Editor

India has minted 3 billionaires every month as the nation's stock markets surged to record despite a slow economy. Asia's 3rd largest economy as per Hurun Global Rich list 2020, India added 34 new billionaires last year, jumping 2 spots to rank 3rd ultra-rich persons after the US & China. The wealth of billionaire industrialists in India rose in select large caps even as the economy is expected to expand at its slowest pace.