India's total wealth tripled to $3.5 trillion over past decade against the global growth rate of 72 percent at $195 trillion, said a report by Credit Suisse Research Institute. 

The Global Wealth Report also said that by 2015, India's wealth could double to around $6.4 trillion. However, it added that the country’s wealth distribution was skewed towards the lower end of the wealth pyramid.

While the proportion of adults having wealth below $1,000 roughly double the global average, only 0.4 percent of the total adult population owns more than $100,000, according to the report.

Globally, the total wealth is expected to grow 61 percent to $315 trillion by 2015, driven by robust economic expansion in emerging markets, said the investment bank.

The middle segment of the wealth pyramid is composed of one billion individuals who are located in the fastest-growing economies of the world, holding one-sixth or $32 trillion of global wealth.

Totally, almost 60 percent, or 587 million, of individuals in the middle segment of the wealth pyramid are located in Asia-Pacific.

“The report confirms that Asia-Pacific countries, which now make up the bulk of the world's middle class of emerging consumers, are driving the growth of the world's wealth,” said Osama Abbasi, CEO, Asia-Pacific, Credit Suisse.

China, which stands out as the third-largest wealth generator in the world at $16.5 trillion after the US ($54.6 trillion) and Japan ($21 trillion), is 35 percent ahead of the wealthiest European country, France and its wealth is almost five times that of India’s.

In Muslim World, Indonesia’s wealth has grown five-fold to $1.8 trillion and is expected to cross $3 trillion by 2015, said the report.

According to Credit Suisse, there are more billionaires in Asia-Pacific than in Europe. Out of more than 1,000 billionaires globally, North America accounted for the highest number of billionaires at 500, followed by Asia Pacific with 245 billionaires and Europe with 230.

Besides, the report said that there were 24 million high- net-worth individuals (HNIs), whose average wealth per adult stood in the range of $1 million-$50 million. China has over 800,000 HNIs , India has around 170,000 while rest of the Asia Pacific as over four million HNIs.

According to the report, most parts of Asia Pacific — ranging from commodities-driven economies such as New Zealand and Australia to fast-growing emerging economies such as China, India and the Association of Southeast Asian Nations — have recorded an exorbitant growth of 100 per cent to almost 400 per cent in average wealth per adult.

This growth is much higher than the average global wealth per adult growth rate of 42 per cent, the report added.