More than 15% of high net worth individuals (HNIs) in India are under 30, and this percentage is predicted to increase by 25% by the end of the decade.
The rise of young HNIs in India is driven by technological innovations, entrepreneurship, fintech, IPOs, and unicorn startups.
Technology, fintech, and startups account for 30% of HNIs' wealth in India, while the Make-in-India initiative contributes 21% to the economy of ultra-high net worth individuals (UHNIs).
Indian HNIs are diversifying their assets in luxury and commercial real estate (15% contribution) and equities (18% YoY growth), while also investing in global markets and establishing family offices.