India ranks 11 in HNWI population
- India has improved its HNWI (High-net-worth individual) population ranking from 12th in 2016 to 11th in 2017.
- India was the fastest growing market globally in 2017 as it grew by more than 20% in both wealth and population, far above its 2010–2016 annualised average HNWI population (6.1%) and HNWI financial wealth (7.1%) growth rates.
- According to the 2018 Asia-Pacific Wealth Report (APWR) released by Capgemini on Wednesday, in Asia-Pacific, India was the most fertile market for ultra-HNWI population (22.2%) and wealth (23.4%) growth.
- Also, Asia-Pacific fuelled global HNWI population and wealth growth in 2017, generating 41.4% of all new global HNWI wealth, Both HNWI population and wealth grew by more than 12%. The region is now forecast to surpass $42 trillion by 2025 and has shrunk its required compounded growth rate from 9.2% in 2016 to 8.7%. The report focuses on 11 core markets including India.
