India is witnessing remarkable wealth creation driven by economic growth, technological expertise, government initiatives, infrastructure development, and geopolitical advantage.
As per Knight Frank's 'The Wealth Report 2023,' India is projected to see a substantial increase in its ultra-high-net-worth individuals, those with a net worth exceeding $30 million, with a growth of 58.4 per cent in around four years. Moreover, the population of high-net-worth individuals possessing assets valued at $1 million or more, is anticipated to surge from 7.9 lakh in 2022 to 16.5 lakh by 2027.
Concurrently, with emerging luxury markets, such as Mumbai, Delhi, and Bengaluru, comes a unique financial challenge: individuals with small earning or short wealth accumulation windows.
This story is from the MAY 2024 edition of Entrepreneur magazine.
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This story is from the MAY 2024 edition of Entrepreneur magazine.
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