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Despite the loss to GDP, the country’s wealth continues to rise


Despite the loss to GDP, the country's wealth continues to rise 1

New Delhi. Due to the fall in demand amid the lockdown in the country, despite a 7.3 percent decline in the country’s GDP i.e. GDP in the financial year 2021, there has been an increase in wealth. According to the report released by Boston Consulting Group (BCG), financial assets in the country have increased by 13.7 percent to $ 3.4 trillion in the midst of this turmoil. It is expected to increase further by 2025.

This is the main reason… Regional financial assets in the country grew by 13.7 percent in 2020. Between 2015 and 2020, there has been a growth of 12.1% per annum. On the other hand, expenditure is increasing at 13.3 per cent per annum, which is expected to come down to 9.4 per cent by 2025.

More alternative investments than traditional
Adopted alternative investments for higher returns in 2020. He got away from traditional investment channels. The main reason behind this was the opening of new sectors giving good returns in the Kovid period. It is making good profits even in the midst of this turmoil. Real estate as a traditional investment will be a good return sector in the coming times.

Most growth here
According to the report, the bond is expected to grow the fastest with 15.1 per cent. Life insurance and pension are expected to grow well in future also. America, Asia (Except Japan), Western Europe will be the fastest wealth prosperity in the world. It is expected that by 2025 it will be 87 percent of the world’s growth.

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