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Indian entrepreneurs' rich route: Stocks, bonds, and real estate
Business Standard
|November 27, 2024
Rich Indian entrepreneurs are using their wealth predominantly for investment in stocks, bonds and real estate, according to HSBC's Global Entrepreneurial Wealth Report 2024.
Eighty-two per cent of such Indian entrepreneurs - those with at least $2 million worth of investable assets - the HSBC report said, prefer to invest in the above-mentioned asset classes, which is the highest percentage amongst business owners in ten international markets (at 51 per cent).
Investment in other businesses (at 41 per cent) and precious metals and stones (25 per cent) are the other investment avenues for the wealthy Indian entrepreneurs, the report suggests.
The results, HSBC said, are based on a sample of 1,798 high-net-worth business owners who chose to take part in the survey with at least $2 million worth of investable assets.
A third of these (583) were ultra-high net worth and have a net worth of more than $100 million.
This story is from the November 27, 2024 edition of Business Standard.
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