TNPSC Thervupettagam

Wealth report 2023

March 16 , 2023 618 days 578 0
  • Knight Frank, a global real estate consultancy, was released its Wealth Report 2023.
  • This report provides insights into the trends and performance of the prime residential property market across the world.
  • Among Indian respondents, 88 per cent saw a rise in UHNWI’s (ultra-high-net-worth individuals) wealth in 2022.
  • Indian UHNWIs saw an increase in their wealth in excess of 10 per cent last year.
  • While 47 per cent expect wealth to increase by more than 10 per cent.
  • 53 per cent expect wealth to rise by at least 10 per cent over the previous year.
  • The survey also found that investable wealth of Indian UHNWIs is largely allocated between equities, real estate and bonds.
  • Allocation in equities is higher by Indian UHNWIs than wealthy people globally.

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