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 India's richest are 20% poorer than they were in 2010: Forbes

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India's richest are 20% poorer than they were in 2010: Forbes Vide
PostSubject: India's richest are 20% poorer than they were in 2010: Forbes    India's richest are 20% poorer than they were in 2010: Forbes Icon_minitimeFri Oct 28, 2011 3:36 am
The combined wealth of India's richest people has fallen nearly 20 per cent over the last year, due to factors including inflation, falling stocks and corruption, Forbes magazine said on Thursday.

The business publication said the country's 100 wealthiest individuals were now worth a total of US$241 billion (S$301 billion), down from US$300 billion in 2010, according to its India Rich List 2011.

The number of billionaires on the list also fell from 69 to 57 in the same period, while the top 10 saw their combined wealth fall 25 per cent from US$150 billion to US$113.6 billion.

'This has been a turbulent year for India's richest,' Naazneen Karmali, the India editor of Forbes Asia, said.

http://www.straitstimes.com/BreakingNews/Asia/Story/STIStory_727734.html
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