Indian billionaires club likely to grow 43% by 2025
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India’s billionaire count to increase to 162 by 2025 from 113 now; one out of five Indian ultra-high networth individuals planning to buy a new home in 2021.
iStock
An individual requires assets worth $60,000 to join the wealthiest 1% club in India.
Consumption-led Indian economy is churning out more millionaires at a pace faster than the average witnessed among Asian peers and also other global economies. This growth is not only expected to sustain but gain further momentum in the post-Covid19 pandemic scenario.
India’s ultra-high-networth individuals (UHNWIs) population, with assets worth over $30 million, is expected to grow 63% over the next five years. At present, India is home to 6,884 UHNWIs and 113 billionaires. The Indian billionaires club is expected to increase significantly by 43% to 162 by 2025.