![Double-digit discounts, freebies on offer for residential properties in Mumbai amid sale slump: Report](https://localpress.co.in/wp-content/uploads/2020/07/double-digit-discounts-freebies-on-offer-for-residential-properties-in-mumbai-amid-sale-slump-report-150x150-optimized.jpg)
While Europeans got poorer, Indians got 4 times richer in the last decade
![While Europeans got poorer, Indians got 4 times richer in the last decade](https://localpress.co.in/wp-content/uploads/2016/05/while-europeans-got-poorer-indians-got-4-times-richer-in-the-last-decade-optimized.jpg)
![While Europeans got poorer, Indians got 4 times richer in the last decade](https://localpress.co.in/wp-content/uploads/2016/05/while-europeans-got-poorer-indians-got-4-times-richer-in-the-last-decade-optimized.jpg)
Average wealth of an Indian citizen has increased by 400 percent in the last decade
Local Press Co 5-point Snippet
1. A report by ‘New World Wealth’ has revealed that the average wealth of an Indian citizen has increased by 400 percent during the period from 2005-2015.
2. The study also revealed that during the same period, the average wealth of a European citizen declined by 5 percent. The decline has been primarily attributed the global financial crisis of 2008.
3. Other than India, other Asian countries like China and Vietnam have also witnessed a similar surge in wealth.
4. In comparison, the wealth of an average Australian citizen grew by 100 percent and that of a Canadian citizen grew by 50 percent.
5. The study also predicts a similar trend to continue in the future with European citizens moving their wealth out of EU and losing manufacturing jobs to Asian countries.