Ga onbeperkt met Magzter GOLD
Krijg onbeperkte toegang tot meer dan 9000 tijdschriften, kranten en Premium-verhalen voor slechts
Poging GOUD - Vrij
India's Millionaire Count Surges, Set to Rise 55% by 2029
The Business Guardian
|June 26, 2025
The number of individuals in the top wealth brackets-those with more than a million dollars in financial wealth-is set to grow by over 55 percent from 2024 to 2029-far outpacing the global average of 21 percent, Boston Consulting Group (BCG) said in a report Wednesday.
From 2014 to 2024, organic growth varied sharply by region, with wealth managers in Asia Pacific achieving rates of 50 percent-more than double that of their peers in Europe, the Middle East and Africa (EMEA) and North America, driven decisively by emerging markets like India.
Mayank Jha, Managing Director and Partner, BCG, said, "India's wealth management market is undergoing a seismic shift, with the number of dollar millionaires expected to grow by over 55 percent from 2024 to 2029-far outpacing the global average of 21 percent." He said, "A generational wave of first-time wealth creators, especially millennial entrepreneurs and corporate leaders, is reshaping the industry.
Dit verhaal komt uit de June 26, 2025-editie van The Business Guardian.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN The Business Guardian
The Business Guardian
Union Budget 2026 likely to focus on infrastructure, MSME
The upcoming Union Budget 2026 is likely to focus on infrastructure development, micro, small and medium enterprises, and rural growth, Punjab National Bank Managing Director and Chief Executive Officer Ashok Chandra said.
2 mins
January 21, 2026
The Business Guardian
Indian manufacturing hits record high in Q3, production cost also rise
The Indian manufacturing sector has reached a historic milestone, with the industry's performance index hitting an all-time high in the third quarter of the 2025-26 fiscal year.
1 mins
January 21, 2026
The Business Guardian
Hyderabad to get integrated rail-metro-bus connectivity plan
In a major push to transform Hyderabad’s urban mobility landscape, the Telangana government has initiated a coordinated plan to integrate the city’s MMTS suburban rail, Metro Rail and city bus services.
1 mins
January 21, 2026
The Business Guardian
Nifty below 25,250
Stock market on Tuesday ended on a low amid selling across sectors with Nifty settling below 25,250.
2 mins
January 21, 2026
The Business Guardian
TRUMP'S GAZA PEACE BOARD A RISKY INVITATION FOR INDIA: GTRI
New Delhi: India faces a complex strategic decision following an invitation to join a US-led Gaza Peace Board chaired by Donald Trump.
1 mins
January 21, 2026
The Business Guardian
Karnataka targets food processing, sustainable materials investments
In a push to cement Karnataka’s position as a global manufacturing powerhouse, MLB.
1 min
January 21, 2026
The Business Guardian
First phase of Census 2027 in Odisha to begin from April 16, says official
The houselisting operations for the Census 2027 will begin on April 16 and continue till May 15 in Odisha, State Census Operations Joint Director Hemanta Kumar Singh said on Tuesday.
1 min
January 21, 2026
The Business Guardian
MoFPI unveils roadmap to make India food hub
The Ministry of Food Processing Industries (MoFPI) has officially unveiled a comprehensive strategic roadmap to transform India into a global powerhouse of processed foods during a high-level event, “Chintan Shivir.”
1 mins
January 21, 2026
The Business Guardian
‘ECONOMIC RESILIENCE FUELS OPTIMISM DESPITE GEOPOLITICAL TURMOIL’
At the heart of the World Economic Forum’s mission, he emphasised, is dialogue. “Dialogue is a necessity, not a luxury.
2 mins
January 21, 2026
The Business Guardian
Rubrik Announces Rubrik Security Cloud Sovereign
Rubrik (NYSE: RBRK), the Security and AI Operations Company, announced today Rubrik Security Cloud Sovereign.
1 min
January 21, 2026
Listen
Translate
Change font size