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India: Rise in HNI population

India: Rise in HNI population

Aparna Dutt Sharma, Chief Executive Officer, IBEF

Jun 24, 2013 9:33 AM

India has registered the second highest growth of 22.2 per cent in its high net-worth individual (HNI) population in 2012 after Hong Kong. Against the global growth rate of 9.2 per cent, the growth in India is more than double of the global average. Positive trends in equity market capitalisation, gross national income, consumption and real estate are considered as the factors leading to this healthy growth. Going forward, the global HNI wealth is forecast to grow by 6.5 per cent annually over the next three years with the Asia-Pacific region projected to grow at one and a half times the global average at 9.8 per cent leading global growth. The rising number of HNI population in India is an encouraging sign for the numerous brands aiming to tap the Indian market.

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