June 17, 2012 8:17 PM

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India climbs into top 10 wealth markets list

India is poised to occupy the sixth position in the top 10 wealth markets this year after edging out Spain for 10th slot in 2011. According to Datamonitor's 2012 global wealth market report, uncertainty about the future of the euro and the worsening of the sovereign crisis in Europe are predicted to cause continuing problems. But many emerging markets are expected to continue marching ahead. The report said, the world order of wealth markets is witnessing a tilt towards emerging economies which are expected to overtake their Western European counterparts going forward. India, in particular, will experience explosive growth, and is anticipated to jump sixth place by the end of this year, the report said.

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