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India has three million “rich” households, 25 billionaires

According to data released by the Delhi-based Centre for Macro Consumer Research of the National Council for Applied Economic Research (NCAER), India has three million households with a combined income of Rs.17,00,000 (US$38,000) or more. The number represents a threefold increase from the number of homes that qualified a decade ago. The country is also home to 25 billionaires with…

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