India’s AWM Sector Set to Nearly Double to US$1.7 Trillion by 2030
- IBEF
- June 29, 2026
India's asset and wealth management (AWM) industry is projected to nearly double in size, with assets under management (AuM) expected to increase from Rs. 84.81 lakh crore (US$ 0.9 trillion) in 2024 to Rs. 160.19 lakh crore (US$ 1.7 trillion) by 2030, according to a PwC report. The sector is forecast to expand at a compound annual growth rate (CAGR) of 11.6%, significantly outpacing the broader Asia-Pacific region, where AuM is expected to grow at a CAGR of 6.8% between 2024 and 2030. The report attributes India's strong growth prospects to rising institutional capital, increasing retail participation in financial markets, supportive regulatory reforms, expanding digital public infrastructure and the emergence of GIFT City as a global financial hub. These developments are helping deepen India's capital markets and channel household savings into long-term investment avenues.
The report highlighted the growing financialisation of savings, supported by increasing access to banking and digital financial services. India now has bank account penetration of nearly 80%, while the Unified Payments Interface (UPI) processes around Rs. 235.58 lakh crore (US$ 2.5 trillion) in transactions annually. The rise of discount brokers has increased demat account holders to 192 million, while monthly Systematic Investment Plan (SIP) inflows exceeding Rs. 28,269 crore (US$ 3 billion) translate into annual equity investments of approximately Rs. 3.39 lakh crore (US$ 36 billion). On the institutional side, the Employees' Provident Fund Organisation (EPFO) manages assets worth around Rs. 26.38 lakh crore (US$ 280 billion), while insurance funds hold approximately Rs. 61.25 lakh crore (US$ 650 billion) in assets. The continued growth of retail and institutional participation is expected to strengthen India's position as one of the fastest-growing asset management markets globally.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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