India's millionaire population rise 6% in 2024; number of billionaire reaches 191: Knight Frank
The Hindu
Number of Indian high-net-worth individuals (HNWIs), those having assets more than $10 million, rose 6% last year to 85,698, according to Knight Frank.
Number of Indian high-net-worth individuals (HNWIs), those having assets more than $10 million, rose 6% last year to 85,698, according to Knight Frank.
Global property consultant Knight Frank on Wednesday (March 5, 2025) released its 'The Wealth Report 2025', which estimated the HNWI population in India at 85,698 in 2024, as against 80,686 in the preceding year.
The number is expected to rise to 93,753 by 2028, reflecting India's expanding wealth landscape, the consultant said.
The increasing trend of HNIW population highlights the country's strong long-term economic growth, increasing investment opportunities, and evolving luxury market, positioning India as a key player in global wealth creation.
The billionaire population has also seen a strong year-on-year growth in 2024.
"India is now home to 191 billionaires, of which 26 joined the ranks in just the last year, which was pegged at just 7 in 2019," the consultant said.
Also read | Billionaire wealth soars three times faster by $2 trillion in 2024: Oxfam
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