> You only need about 5-10% of them to do so to start hitting the numbers from my claim.
Dude, a bit more than 1% of Indians pay ANY form of income tax. Assuming that the number of corrupt politicians and people laundering black money is another 15 million (a very very far stretch), that's still 2% of the entire population.
> The number of businessmen who avoid taxes is a significant minority.
Thanks for proving my point.
> Based on the number of people I know who own multiple properties (which makes them dollar millionaires even if you ignore everything else they own), I find it VERY difficult to believe this figure.
Your anecdote means shit compared to statistical data that says otherwise.
> If 8% of the US population can be millionaires, I don't see why 1.5% of the Indian population cannot.
Because again, India is a highly unequal country, with very few opportunity for the brightest and most entrepreneurial. Why has India not manufactured even one hard tech startup yet? Why is it so hard to get even one manufacturing unit up without the blessings of some babus and Lalas? That's why India is poor and unequal. No surprise why people who move out of India tend to be more successful, especially those who migrate to the US.
> We may not agree upon a number, but I believe the figure is much, much larger than what the official figures state
By that respect, Switzerland would still have a lot more millionaires simply by virtue of the number of people parking their assets there. There are no official figures for that either.