The country's biggest billionaires seemed to be engaged in a competition to outdo each other on the Forbes rich list, which ranks the country's wealthy.
The fortunes of tycoons such as Mukesh Ambani, the head of Reliance Industries, India's biggest private sector company, and Anil Ambani, his younger brother and rival, mushroomed to double their previous levels.
Others made it on to the list through initial public offerings that many analysts criticised as being over-valued – the $2.5bn listing, for instance, of DLF, India's largest real estate company, that helped send KP Singh, a property tycoon, rocketing up the list.
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