Why wealth of India's super-rich dipped 4.4% in 2020

While Mukesh Ambani, Gautam Adani and the Poonawallas saw a significant jump in their net worth, overall wealth of India's super-rich dipped 4.4 per cent to reach $12.83 trillion, stated a report. This dip is due to the rupee's fall in the pandemic-hit 2020. According to a report by Credit Suisse Research Institute, the number of dollar millionaires in India fell from 7,64,000 in 2019 to 6,98,000 in 2020 solely due to the rupee's fall. Watch the video for more.

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