{"id":1279554,"date":"2024-03-02T16:49:43","date_gmt":"2024-03-02T11:19:43","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1279554"},"modified":"2024-03-02T16:53:46","modified_gmt":"2024-03-02T11:23:46","slug":"number-of-indians-with-rs-2500-crore-assets-will-increase-by-50-in-next-5-years-highest-in-the-world","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/number-of-indians-with-rs-2500-crore-assets-will-increase-by-50-in-next-5-years-highest-in-the-world\/","title":{"rendered":"Number Of Indians With Rs 250 Crore+ Assets Will Increase By 50% In Next 5 Years: Highest In The World!"},"content":{"rendered":"\n

India is poised to see the highest rise globally in the number of ultra-high net worth individuals (UHNWIs) over the next five years<\/a>, according to a new report.<\/p>\n\n\n\n

\"Number<\/figure>\n\n\n\n

India’s Robust Economic Growth Driving Rise in Ultra-Wealthy<\/h2>\n\n\n\n

The Wealth Report 2024, released by Knight Frank on Wednesday, predicts the number of Indians with a net worth of $30 million or more will climb 50.1% to 19,908 by 2028, up from 13,263 in 2023.<\/p>\n\n\n\n

India’s projected growth in UHNWIs over the next five years significantly outpaces other countries like China (47%), T\u00fcrkiye (42.9%), and Malaysia (35%).<\/p>\n\n\n\n

Liam Bailey, Knight Frank’s global head of research, attributed India’s high forecasted growth primarily to its robust GDP expansion.<\/p>\n\n\n\n

“The outlook for the Indian economy shows it is set to outperform over the next five years. That is the biggest driver,” Bailey explained.<\/p>\n\n\n\n

India’s large diaspora also ensures strong connectivity to global businesses and high levels of innovation, further propelling growth among the ultra-wealthy.<\/p>\n\n\n\n

Asia Will Be Epicenter of Rising Ultra-Wealthy Population<\/h2>\n\n\n\n

The report highlights that Asia will be the dominant region globally for expanding numbers of the ultra-rich over the next half-decade.<\/p>\n\n\n\n

Fueled by economic powerhouses like India and China, Asia’s UHNWI population is projected to rise 38.3% by 2028. That significantly outpaces the 28.1% global growth rate for the ultra-wealthy.<\/p>\n\n\n\n

“The center of gravity of the world economy has moved towards Asia, and the process is continuing,” Bailey noted.<\/p>\n\n\n\n

After Asia, the Middle East and North America are expected to see the next highest surge in ultra-high net worth individuals by 2028.<\/p>\n","protected":false},"excerpt":{"rendered":"

India is poised to see the highest rise globally in the number of ultra-high net worth individuals (UHNWIs) over the next five years, according to a new report. India’s Robust Economic Growth Driving Rise in Ultra-Wealthy The Wealth Report 2024, released by Knight Frank on Wednesday, predicts the number of Indians with a net worth […]<\/p>\n","protected":false},"author":30,"featured_media":1279559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[4810],"class_list":["post-1279554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-ultra-rich-indians"],"acf":[],"yoast_head":"\nNumber Of Indians With Rs 250 Crore+ Assets Will Increase By 50% In Next 5 Years: Highest In The World! - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/number-of-indians-with-rs-2500-crore-assets-will-increase-by-50-in-next-5-years-highest-in-the-world\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Number Of Indians With Rs 250 Crore+ Assets Will Increase By 50% In Next 5 Years: Highest In The World! - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"India is poised to see the highest rise globally in the number of ultra-high net worth individuals (UHNWIs) over the next five years, according to a new report. 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