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The richest in India are not getting any richer. Data from Forbes India Rich List shows that wealth levels have stagnated for the top 20 of the country’s mega rich. Since 2009, their wealth has increased by about 1 per cent annually. But the rest 80 seem to have done better, with an annual 12 per cent increase in wealth.
Topping the list is Vikram Lal of Eicher Motors whose wealth has more than doubled. Vivek Chaand Sehgal of Samvardhana Motherson Group is not only among the fastest risers on the list, going up 41 positions, but also made an entry into the billionaire list this year.
Among the ones that lost some of their wealth is Ajay Kalsi of Indus Gas, who lost a billion dollars or nearly half his wealth.
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