A look at India's billionaire boom
After the Bharatiya Janata Party’s landslide victory in May’s general elections, Prime Minister Narendra Modi famously tweeted that “good days are here”. Indeed, they’re back with a bang for India’s 100 richest. For the first time the top 100 are all billionaires, with a combined wealth of $346 billion, up more than a third from 11 months ago. Propelled by the euphoria, the stock market has gained 28 percent since January, though the economy, growing at 5.7 percent in the last quarter, has yet to catch up. Food inflation, hardly the concern of the wealthy, still hovers at close to double digits.
(This story appears in the 16 October, 2014 issue of Forbes India. To visit our Archives, click here.)