Here's why India's billionaires club is shrinking

Here's why India's billionaires club is shrinking

Residential and commercial buildings stand in Mumbai, India. Photographer: Dhiraj Singh/Bloomberg

Number of billionaires in India has declined by 10.9% to 106 by the end of 2018 impacted by an uncertain economic environment and financial stress, said a report by global financial services company UBS and consulting firm PWC.