India had 153,000 millionaires at the end of 2010, putting it in 12th position in a list of countries with the most millionaires, according to a report released this week by Capgemini and Merrill Lynch Wealth Management. In the year earlier report, India ranked 14th.

The US still has the most millionaires at around three million and China ranks fourth with 535,000 millionaires. Japan is in second and Germany is third, according to the report. Among continents, Asia - with 3.3 million high net-worth individuals - overtook Europe's 3.1 million for second place. North America, with 3.4 million super-rich who have a total of $11.6 trillion in assets, leads the pack, the report says.