Only one per cent households control around 60% of the total wealth in India, indicating to the highlt concentrated nature of household wealth in the country. 1% Controls 60% of Total Wealth in India, Rich to Get Richer: Report - The Wire
According to a recent report by brokerage firm Bernstein, the super rich in India, estimated to be around three million households hold $2.7 trillion in liquid financial wealth, reported Business Standard.
“Although growth will continue to create opportunities across the pyramid, we think the rich will get richer. India’s uber-rich – an estimated nearly three million households – hold $2.7 trillion in liquid financial wealth, by our estimates,” observed Bernstein, reported Mint.
This rise of the uber-rich is also expected to increase the demand for professional wealth managers.
04/08/2025