India's Ultra-Rich Population Projected to Grow Fastest Globally

India is expected to have the biggest increase in very rich people worldwide.

Experts predict the number of ultra-rich individuals will grow by 50% by 2028.

This growth is fueled by a strong luxury market, set to increase by 15-20% in 2025, boosted by new stores and rising wealth.

India's economy is also doing well, recently surpassing Japan to become the world's fourth-largest.

Globally, the luxury market saw good growth until recently, but it is now slowing down, especially due to economic challenges in China, a major market for luxury goods.