Ultra-wealthy Indians to double in 5 Yrs

The number of ultra-high-net-worth individuals (UHNWIs) in India is estimated to grow by a whopping 73% in the next fi ve years, almost doubling the count to 10,354 from 5,986 in 2019, according to Knight Frank’s Wealth Report 2020

By ET Bureau | Mar 06, 2020, 08.37 AM IST

In 2019, 51% of the ultra-wealthy Indians experienced an increase in their fortune.

Despite rising geopolitical tensions, slow growth forecasts and uncertainty remaining the norm in 2019, 51% of the ultra-wealthy Indians experienced an increase in their fortune. The number of ultra-high-net-worth individuals (UHNWIs) in India is estimated to grow by a whopping 73% in the next five years, almost doubling the count to 10,354 from 5,986 in 2019, according to Knight Frank’s Wealth Report 2020.