‘All is well’ seems to the message coming from India’s rich boroughs. What else explains the 17% jump in the number of high net-worth households to 137,100 in FY15, with their combined net worth swelling to Rs.128 trillion? The HNI cult is not just an urban phenomenon: as per Kotak Wealth Management’s Top of the Pyramid 2015 report, 44% of the country’s super rich reside in non-metros. And given the gliding optimism over India’s growth prospects, the league of the ultra rich is expected to touch 348,000, with a combined net worth of Rs.415 trillion, by FY20. Looks like the wealthy are just getting better at their game.
Where the rich are investing 2015
How they stack up
You don’t want to be left behind. Do you?
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