63% rise in Indian millionaires annually, totaling 31,800 above Rs 10 crore earners.

A Centrum Institutional Research report highlights a 63% rise in Indians earning over Rs 10 crore (about $1.3 million) annually, totaling 31,800 individuals. Those earning over Rs 5 crore ($650,000) increased by 49% to 58,200. The cumulative income of high earners has surged significantly, with projections estimating that financial assets of High Net Worth Individuals in India will grow from $1.2 trillion in 2023 to $2.2 trillion by 2028.

September 17, 2024
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