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News Link • Economy - International

India doubles billionaires; Mukesh Ambani tops list

• Reuters
 A buoyant stock market and a still-robust economy have nearly doubled the number of billionaires in India, according to the Forbes' Rich List.

With the stock market having gained more than 75 percent this year and the economy growing at nearly 7 percent, the number of billionaires jumped to 52 in 2009 from 27 in the previous year, just two short of the record in 2007, according to the ranking.

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