<p>Bengaluru: High net worth individuals (HNIs) in <a href="https://www.deccanherald.com/tags/india">India</a> are projected to double to 1.65 million by 2027, according to an analysis by Anarock Group, out on Thursday. Currently, the country has 8.50 lakh HNIs. About 20 per cent of these millionaires are under 40, signalling the growing influence of young wealth creators.</p><p>HNIs are people with investable assets of at least $1 million, and ultra-high-net-worth individuals (UHNIs) are those with assets worth above $30 million.</p><p>The country's UHNI count reached 13,600 in 2024, marking a 6 per cent annual growth. This population is projected to soar by 50 per cent by 2028, far outpacing the global growth average of 30 per cent.</p>.India’s job market projected to grow by 9 per cent in 2025.<p>Over 15 per cent of India’s HNIs are under 30, driven by start-up unicorns, IPOs, and tech-driven ventures. This number is expected to rise to 25 per cent by 2030, as younger entrepreneurs redefine wealth creation.</p><p>India ranks sixth globally in UHNI population and third in Asia, trailing China and Japan.</p><p>In terms of sectors, nearly 30 per cent of new HNIs got their fortunes from technology, fintech, and start-ups.</p><p>The domestic manufacturing push has fuelled industrial wealth, contributing 21 per cent to the UHNI economy.</p><p>Contributing 15 per cent, luxury and commercial real estate have been key drivers, with urbanisation and premium developments leading the charge.</p><p>Furthermore, approximately 14 per cent of UHNIs own properties abroad, with Dubai, London, and Singapore as the primary hotspots. The average international property investment exceeded Rs 12 crore ($1.44 million) in 2024.</p><p>The Indian stock markets caused wealth from equities to grow by 18 per cent year-on-year.</p><p>In terms of spending, more than 37 per cent of Indian HNIs purchased a high-end vehicle in 2024. UHNIs spent an average of Rs 6 crore ($720,000) annually on bespoke vacations, luxury cruises, and curated experiences.</p><p>As for investments, 32 per cent of wealth is allocated to real estate. 20 per cent flows into private equity and start-ups. 8 per cent of UHNIs have invested in cryptocurrencies.</p><p>Nearly 25 per cent of Indian UHNIs are diversifying to assets in North America and Europe. Over 40 per cent of UHNIs have established family offices to manage wealth.</p>
<p>Bengaluru: High net worth individuals (HNIs) in <a href="https://www.deccanherald.com/tags/india">India</a> are projected to double to 1.65 million by 2027, according to an analysis by Anarock Group, out on Thursday. Currently, the country has 8.50 lakh HNIs. About 20 per cent of these millionaires are under 40, signalling the growing influence of young wealth creators.</p><p>HNIs are people with investable assets of at least $1 million, and ultra-high-net-worth individuals (UHNIs) are those with assets worth above $30 million.</p><p>The country's UHNI count reached 13,600 in 2024, marking a 6 per cent annual growth. This population is projected to soar by 50 per cent by 2028, far outpacing the global growth average of 30 per cent.</p>.India’s job market projected to grow by 9 per cent in 2025.<p>Over 15 per cent of India’s HNIs are under 30, driven by start-up unicorns, IPOs, and tech-driven ventures. This number is expected to rise to 25 per cent by 2030, as younger entrepreneurs redefine wealth creation.</p><p>India ranks sixth globally in UHNI population and third in Asia, trailing China and Japan.</p><p>In terms of sectors, nearly 30 per cent of new HNIs got their fortunes from technology, fintech, and start-ups.</p><p>The domestic manufacturing push has fuelled industrial wealth, contributing 21 per cent to the UHNI economy.</p><p>Contributing 15 per cent, luxury and commercial real estate have been key drivers, with urbanisation and premium developments leading the charge.</p><p>Furthermore, approximately 14 per cent of UHNIs own properties abroad, with Dubai, London, and Singapore as the primary hotspots. The average international property investment exceeded Rs 12 crore ($1.44 million) in 2024.</p><p>The Indian stock markets caused wealth from equities to grow by 18 per cent year-on-year.</p><p>In terms of spending, more than 37 per cent of Indian HNIs purchased a high-end vehicle in 2024. UHNIs spent an average of Rs 6 crore ($720,000) annually on bespoke vacations, luxury cruises, and curated experiences.</p><p>As for investments, 32 per cent of wealth is allocated to real estate. 20 per cent flows into private equity and start-ups. 8 per cent of UHNIs have invested in cryptocurrencies.</p><p>Nearly 25 per cent of Indian UHNIs are diversifying to assets in North America and Europe. Over 40 per cent of UHNIs have established family offices to manage wealth.</p>
