As per Asia-Pacific Wealth Report, the number of India’s high net worth individuals (HNI) grew by 20.8% in 2010, making a cut in to top 12 nations in terms of HNI population.

Not surprisingly, Asia-Pacific region recorded the strongest regional rate in the world in terms of HNI population growth last year.

India had experienced the world’s largest declines in HNI population and wealth during 2008 global economic crisis. However, in 2009, Indian HNI wealth recorded a brisk growth by 22% to $582 billion backed by strong growth in domestic market.

In FY10, the HNI population of the world’s largest democratic country grew to 1.53 lakh, from 1.26 lakh in 2009. Interestingly, China, Japan and Australia accounted for almost three-quarters of the Asia-Pacific HNI population.

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