E3S Web of Conferences (Jan 2020)

Analysis on the Change of India’s Billionaires and Its Reasons

  • Jin Shujun

Journal volume & issue
Vol. 214
p. 02028


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Today the cultural communication between different countries and regions is intensified. Indian has won the attention of many people as a rising star in the market. In this article, an issue of intense debate, India’s billionaires, is the main theme. The knowledge source of this article involves the contents of authoritative books, treatises of other intellectuals, and the data on the Internet. According to the analysis, the conclusion can be drawn that India’s rich hold much fortune, which may be caused by its economic reform and crony capitalism. This article also hypotheses the future trend of the outlook: the number of Indian billionaires may still continue to increase. Nevertheless, under the help of Indian government and the improving institution, the increasing speed will be much slower and the trading behaviour of the upper class, which tends to be connected with the word corruption, may also be more legitimate.