Rediff Labs Releases New Feature on Global Household Wealth
Mumbai, India, January 13, 2015 - Rediff.com India Pvt. Ltd (NASDAQ: REDF)(“Rediff” or the “Company”), a premier worldwide online provider of news, information, communication, entertainment and shopping services to Indians worldwide, today announced that its Rediff Labs has released a news story based on Credit Suisse Global Wealth Data Book 2014 which features detailed data on wealth holdings of households around the world.
The data presented by Rediff Labs in the form of a global map, helped analyzes the growth in household net worth per working age adult from 2000 to 2014 by country. Rediff Labs calculated this number by taking the wealth per adult for each country and subtracting from it the debt per adult for the country.
Ajit Balakrishnan, Chairman and CEO of Rediff, commented “Rediff Labs is the vehicle in which we present revealing stories through data driven journalism. Our latest news story breaks down household net worth by country and uncovers interesting statistics on the different rates at which wealth has really grown around the world. Our proprietary Rediff Labs offers news in an interactive and visual format, transforming big data sets into meaningful and easy to understand information for our users.”
Interested users visit the latest Rediff Labs offering at labs.rediff.com:
Which countries' citizens are getting richer than before?
Rediff.com (NASDAQ: REDF) is one of the premier worldwide online providers of news, information, communication, entertainment and shopping services to Indians worldwide. Founded in 1996, Rediff.com is headquartered in Mumbai, India with offices in New Delhi, India and New York, USA.
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Phil Carlson / Thomas Mei
KCSA Strategic Communications
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