Where The Rich Are Investing 2017

How They Stack Up

How India's ultra rich population continues to grow significantly despite an economic slowdown

Published 6 years ago on Oct 30, 2017 1 minute Read
Photo Samode Haveli

For all the macro challenges and talks of a slowdown in the economy back home, wealth creation in India has continued unabated. According to reports by Wealth X and Knight Frank, Asia saw a significant increase in ultra high networth wealth, which rose by 3.5% on the back of solid gains in India and Japan, and a more moderate gain in China. What’s pertinent to note is that India, despite the current economic disruption owing to demonetisation and GST, is expected to spur the growth of the ultra wealthy as the ongoing reforms propel growth in the coming years.