KACHARAGADLA

Falling oil prices, constructive election results helped the country post the biggest gains in terms of their number and total wealth during 2014 India has become home to the 11th largest population of dollar millionaires, with 198,000 such high networth individuals (HNWI), as falling oil prices and "constructive" election results helped the country post the biggest gains in terms of their number and total wealth during 2014. India recorded the largest gains - for the region and globally - for HNWI population (26.3 per cent) and wealth (28.2 per cent). "The election of a popular reform-minded prime minister helped to boost investor confidence and contributed to strong performance in the stock market, with a 21.9 per cent increase in the MSCI Index. Lower oil prices helped reduce country's budget deficit and retail inflation fell considerably," a report said. "All these events helped India moved up to the third place for HNWI wealth across the Asia