The number of millionaires and billionaires, including now four in India, has escalated steadily so that now there are about nine and a half million people, or about one for every 700 people on earth, that the brokerage house Merrill Lynch calls High Net Worth Individuals who together possess, in liquid funds, some 37 trillion dollars-that is 37 followed by 12 zeros. This is about three times the GDP of either the United States or of Europe and more than a dozen times the GDP of India.