Archive · 26 Jun 2025
India To Lead Wealth Growth, Millionaire Population Soars
The total amount of money in the world is very high and keeps growing, especially in Asia.
India's wealth is growing even faster than other countries in that region.
The number of millionaires in India is expected to increase significantly in the next few years.
Banks and financial advisors are using new technology, like AI, to help manage money better.
India's wealth is growing faster than other places in the world.
India's financial wealth grew by 10.8% between 2023 and 2024, exceeding the Asia-Pacific average.
Global financial wealth hit a record $305 trillion in 2024, increasing by 8.1%.
The number of dollar millionaires in India is projected to increase by over 55% from 2024 to 2029.
Wealth managers are leveraging AI for client prospecting and advisory services.
Universal banks showed better organic growth compared to pure-play firms.
- Who
- Dollar millionaires and wealth managers.
- What
- Wealth growth and millionaire population trends.
- When
- 2023-2029
- Where
- Globally, with a focus on India and the Asia-Pacific region.
- Why
- To understand financial market trends and investment opportunities.
Traditional Wealth Management
AI in Wealth Management
Approach to Client Service
Traditional Wealth Management
Emphasis on the performance of advisors and reliance on recruitment.
AI in Wealth Management
Focus on integrating of AI for client interaction and service.
- Global Financial Wealth (2024)
- $305 trillion
- India's Wealth Growth (2023-2024)
- 10.8%
- APAC Wealth Growth (2023-2024)
- 7.3%
- Projected Millionaire Growth in India (2024-2029)
- 55%+
- Cross-border wealth in 2029
- $14.4 trillion
Sources
Millionaires On The Move: Where The World's Rich Are Migrating To In 2025?
Top 10 countries where most millionaires relocated to in 2025: Where would you want to settle?
Wealth On The Move: India Among Top Countries Losing Millionaires In 2025
3,500 millionaires to leave India and settle abroad in 2025
