INDIA-Asia's biggest source of Billionaires

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The wealth amassed by Indian Billionaires is more than 3.5 times those in China. Even as the world's most populous nation saw the highest number of newcomers joining the Billionaire club over the past one year. Despite China seeing a maximum 28 people joining in the ranks of those with atleast One Billion Dollar, India has managed to retain its position as Asia's biggest source of billionaires.With 19 newcomers,India has 53 Billionaires with a combined wealth of $340.9 Billion, according to Forbes list of World's billionaires released recently. In comparison China has 42 Billionaires,second highest in Asia with a combined wealth of $95 Billion. India and China are followed by Hongkong,Japan and Australia in terms of number of Billionaires.Last year India had overtaken Japan as the biggest Asian nation in terms of number of Billionaires.Japan has slipped over below China and Hongkong this year.Besides, India also holds the honour of having the largest number of four Billionaires in top ten. Based on the above records do you agree that India is the Asia's biggest source of Billionaires?????