The number of super-rich in India can reach 11,198 by 2025.
According to the Knight Frank Wealth Report 2021, the number of super-rich in India can reach 11,198 by 2025. At the same time, the number of super rich in the world is expected to increase by 27 percent to 6,63,483 between 2020-25.
- Last Updated:February 25, 2021 5:51 AM IS
The number of billionaires in India will increase by 43 percent
According to the Knight Frank Wealth Report 2021, the number of super-rich (UHNWI in World) at the moment is 5,21,653. Of these, 6,884 are in super-rich India. Knight Frank said that by 2025, there will be a tremendous increase of 63% in India. According to the report, the number of Billionaires in India will increase by 43 percent by 2025 and may increase to 162, from 113 in 2020. This is higher than the average of 24 per cent of global growth and 38 per cent of Asia.
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The report has estimated that the number of super-rich in Asia will increase by 39 percent. During this period, the maximum increase of 67 percent will be in Indonesia and 63 percent in India. The number of super-rich in India will be 10 times more than the total super-rich in Indonesia. Shitir Baijal, chairman and managing director of Knight Frank India, says that economic activity is going to a new level after the Corona epidemic. In such a situation, India can make a place in the club of countries with a economy of 5 Trillion Dollar Economy within the next few years. It will help to make arrangements for the sectors which are developing fast in India.
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These cities, including Mumbai, will be the most wealthy
Baijal said that with the help of financial opportunities, there will be opportunities for wealth creation, with the help of which new people will join the rich club in India. India’s financial capital Mumbai (Mumbai) will have the highest number of 920 people. After this, the national capital Delhi (Delhi) will be second with 375 super-rich. There will be 238 super-rich in IT hub Bengaluru (Bengaluru).