Wishesh Magazine June 2016

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IN BUSINESS 400% surge in Indians’ average wealth in 10 years 36 WWW.WISHESH.COM | JUNE <strong>2016</strong>
Average wealth of an Indian has surged by 400 percent in 10 years while that of an European citizen has declined by 5 percent during the period, says a report by New World Wealth. The report said that in the emerging markets such as India, China and Vietnam, average wealth has gone up by over 400 percent during the past 10-year period (2005-15). The average European citizen is currently worth around $86,000. This compares poorly to the other developed markets as the average wealth of a person in Australia has increased by over 100 per cent and in Canada by over 50 per cent in the same period. The study says that one of the major issues that has deterred the wealth creation in Europe is the migration of wealthy people out of Europe, mainly to countries such as USA, Canada, New Zealand, the Caribbean and Australia. and Southern Europe - in particular, large European economies such as Germany, the UK, France, Italy and Spain will struggle.” Rising income tax rates deterred the new business formation and loss of jobs to Asia, particularly in the manufacturing sector and inability of certain countries to handle large pension obligations (like Greece). Europe is expected to continue to lose the primary sector jobs to Asia, particularly to emerging countries such as, China, India, Sri Lanka, the Philippines and Vietnam. In terms of wealth growth, certain Eastern European countries such as Poland is likely to perform well, the report said. The report refers ‘Wealth’ as net assets of a person. It includes all their assets (property, cash, equity, business interests) less any liabilities. The report said that “we do not expect much growth to come from Western JUNE <strong>2016</strong> | WWW.WISHESH.COM
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Page 4 and 5: WISHESH WORLD NEWS MAGAZINE EDITOR
Page 6 and 7: 10-17 Indian Diaspora Kondalampatti
Page 8 and 9: 52-57 Travelogue Vrindavan 58-61 In
Page 10 and 11: INDIAN DIASPORA FINE ART 10 Kondala
Page 12 and 13: INDIAN DIASPORA TRADITION 12 WWW.WI
Page 14 and 15: INDIAN DIASPORA TRADITION 14 part o
Page 16 and 17: INDIAN DIASPORA CULTURE 16 Shauka T
Page 18 and 19: COVER STORY UJJAIN Kumbh mela congr
Page 20 and 21: COVER STORY The Simhastha is specia
Page 22 and 23: STORY FOR KIDS 22 Whole universe wi
Page 24 and 25: 24 T HEALTHY LIVING WWW.WISHESH.COM
Page 26 and 27: INDIAN FOOD Preparation Time : 10 M
Page 28 and 29: NRI PROFILE Dinesh C. Paliwal Chair
Page 30 and 31: NRI IMMIGRATION 30 India, US to hol
Page 32 and 33: WORLD NEWS T“The President intend
Page 34 and 35: DESI NEWS State elections Congress
Page 38 and 39: INFOCUS 38 WWW.WISHESH.COM | JUNE 2
Page 40 and 41: INFOCUS These conversations have me
Page 42 and 43: P FREEDOM FIGHTER 42 Woman power of
Page 44 and 45: INDIAN YOGA 44 Kapal Bhati Pranayam
Page 46 and 47: LIFE STYLE Maintaining Healthy life
Page 48 and 49: RELATIONSHIP 48 WWW.WISHESH.COM | J
Page 50 and 51: LOVE & ROMANCE 50 Romancing and bei
Page 52 and 53: INDIAN TRAVELOGUE Vrindavan Transce
Page 54 and 55: INDIAN TRAVELOGUE The Bhagavata Pur
Page 56 and 57: INDIAN TRAVELOGUE 56 are marked by
Page 58 and 59: INDIAN HISTORY Nightmare of Arab ru
Page 60 and 61: INDIAN HISTORY 60 The Gurjara-Prati
Page 62 and 63: TECHNOLOGY 62 India’s Reusable La
Page 64 and 65: AUTOMOBILES MAHINDRA LAUNCHES XUV50
Page 66 and 67: AUTOMOBILES 66 WWW.WISHESH.COM | JU
Page 68 and 69: INDIAN VAASTU CORNER 68 WWW.WISHESH
Page 70 and 71: INDIAN SPIRITUAL Srimad Bhagavad Gi
Page 72 and 73: A INDIAN EVENTS 72 Akshaya Trithiya
Page 74 and 75: FASHION STYLE 74 Grand Finale Amazo
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102 WWW.WISHESH.COM | JUNE 2016
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Wishesh Magazine June 2016

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