Shift in Economic Power?

The latest edition of the World Wealth Report was released today. It has some interesting information about the high net worth individuals (HNWI) - there 8.7 million millionaires with a total net worth of $33 trillion. India has a total of 83,000 millionaires (with financial assets greater than $1 million.) I thought there were a lot more.

I found the the GDP growth rates quite interesting. We can clearly see the shift in economic power - France (Real GDP $2 trillion), United Kingdom (Real GDP $2.2 trillion) and Italy ($1.7 trillion) have aging populations and a declining GDP growth rates. Compare them to India ($1 trillion) and China ($2.2 trillion.)