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flag India's household wealth surged 14.5% in 2024, led by financial assets, but wealth inequality remains high.

flag India's household wealth grew 14.5% in 2024, the fastest in eight years, driven by strong gains in financial assets, especially securities and insurance, according to the Allianz Global Wealth Report 2025. flag Real financial assets rose 9.4% after inflation, boosting purchasing power 40% above pre-pandemic levels, with per capita net financial assets reaching $2,818. flag Despite robust growth, wealth concentration remains high, with the top 10% holding 65% of wealth. flag Household debt rose 12.1%, stabilizing at 41% of GDP. flag Globally, the wealthiest 10% still control about 60% of wealth, with no major progress on inequality.

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