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Bernstein's report shows India's top 1% controls $11.6 trillion, mostly in real estate and gold, highlighting wealth disparity.
Bernstein's report reveals that India's ultra-rich, including Ultra High Net Worth Individuals, High Net Worth Individuals, and the affluent class, hold 60% of their wealth in real estate and gold.
The top 1% controls $11.6 trillion of the country's $19.6 trillion in household assets.
Only $2.7 trillion is in manageable financial assets like mutual funds and insurance.
This group also earns 40% of India's income, highlighting significant wealth disparity.
The report suggests a major opportunity for wealth managers to tap into the underpenetrated market of India's ultra-wealthy.
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El informe de Bernstein muestra que el 1% más rico de la India controla 11,6 billones de dólares, en su mayoría en bienes raíces y oro, lo que pone de relieve la disparidad de riqueza.