India, July 13 -- India is witnessing a constant rise in the number of millionaires and high net- worth individuals (HNIs). In the last financial year, 5,012 people entered this exclusive club. This took the strength of India's millionaire club to more than 871,000. As an Indian, this may feel like a shimmering statistic but many aspects of the same report will leave you sad and dejected.

Income inequality is rising in India, leading to exasperation among the middle class.

For the uninitiated, HNIs are those who have property or any financial instrument worth $1 million, or Rs.9.5 crore at current conversion rates, which they can quickly convert to cash if the need arises, after meeting all their financial obligations. Last year, this c...