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World Wealth Report 2024
June 9 , 2024
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- The Capgemini Research Institute released the World Wealth Report 2024.
- The number of high net-worth individuals (HNWI) in India increased by 12.2% in 2023 vs 2022.
- This is bringing the total number of HNWI population to 3.589 million.
- The financial wealth of India’s HNWIs increased by 12.4% in 2023 to $1,445.7 billion while it was $ 1,286.7 billion in 2022.
- Market buoyancy in 2023 sparked a $3.8 trillion increase in HNWI’s wealth.
- In the APAC region, India and Australia recorded HNWI wealth growth of 12.4% and 7.9%, and HNWI population growth of 12.2% and 7.8%, respectively.
- Asia-Pacific experienced 4.2% HNWI wealth growth and a 4.8% rise in the HNWI population.
- India’s country’s market capitalisation increased by 29.0% in 2023, after an increase of 6% in 2022.
- The country’s national savings as a percentage of GDP too increased to 33.4% in 2023 compared to 29.9% in 2022.
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