More than 33,000 people in India became millionaires last year, taking the total HNWI count to 3.78 lakh, reports Business Standard via Capgemini. India is now one of the fastest-growing wealth hubs globally — thanks to a booming equity market, tech-led innovation, and a vibrant startup ecosystem.
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Key Highlight :
5.6% YoY growth in HNWIs in India $628.9B wealth held by those with $1M–$5M
$534.77B held by just 4,290 ultra-HNWIs
98% of India’s next-gen HNWIs aim to increase offshore investments by 2030
As capital deepens across sectors like fintech, infra, and digital, the opportunity for founders, investors, and ecosystem builders has never been more compelling.
Why is India emerging as a magnet for wealth creation — and how can we be a part of it?
India has roughly 250 Billionaires, just half that of China (which has roughly 520 Billionaires)
But, the data is very interesting for Millionaires (in USD):-
– The US has 22Mn millionaires (25X that of India).
– China has 6Mn millionaires (7X that of India).
– India has 850K millionaires.
The rate of growth of “billionaires” in India is much faster than the rate of growth of its “millionaires”.
Another interesting fact: one could become a millionaire from a job.
But, it is unlikely that one would become a billionaire from a job. Land of Bussiness :
Land Of Bussiness:https://www.business-standard.com/
India is a land of business opportunities, not necessarily job opportunities.
India is undergoing a remarkable surge in wealth, driven by strong economic growth, booming asset markets, and a tech-led entrepreneurial revolution. Below is an in-depth look at what’s fueling this wealth expansion—and the implications it carries:
Conclusion:
India’s wealth landscape is in transformation. The rapid emergence of millionaires and billionaires—driven by strong economic fundamentals, global investment inflows, digital innovation, and lifestyle shifts—underscores the changing dynamics of wealth. However, sustaining this upsurge will require smarter financial planning among the affluent, and a conscious effort to ensure that prosperity is more broadly shared. The next few years will be crucial as India charts its path toward becoming a global financial powerhouse.
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