Archive · 29 Jun 2025
Investor Highlights India's Wealth Gap, Disparities in Spending
Imagine a very large group of people in India.
A tiny group of them, about 100,000 families, spend almost half of all the money people choose to spend on things they want.
These families make a lot of money each year, around 3 crore rupees.
The richest people in India are not even included in this group.
The top 1% of people in India own a lot of the country's wealth, much more than in countries like the U.S. or China.
Most other people make less money, and the number of wealthy people has been increasing.
The rich families often travel abroad and like to buy expensive things.
0.03% of Indian households account for nearly 40% of all discretionary spending, according to a startup investor.
This elite group has an average income of ₹3 crore per annum and does not include India's wealthiest families.
India's top 1% hold about 40% of the country's wealth.
The broader top 10% earn ₹5 to ₹10 lakh a year.
The number of Indians with net worths above $1 million has tripled in the past decade.
- Who
- Startup investor Rahul Mathur and the 'elite' households, representing 0.03% of India.
- What
- A small fraction of Indian households account for a large portion of discretionary spending.
- When
- The information discusses wealth trends over the past decade and projections for 2025.
- Where
- India, with the elite class concentrated in areas like South Mumbai, Lutyens Delhi, and Bangalore’s Koramangala.
- Why
- To highlight economic inequality and the concentration of wealth in India.
- Elite Households
- ~1 lakh
- Elite Spending Share
- 40% of discretionary spending
- Elite Average Income
- ₹3 crore per annum
- Top 1% Wealth Share
- 40%
- Top 10% Income
- ₹5 to ₹10 lakh a year
- Millionaire Count (2015)
- 2.5 lakh
- Millionaire Count (2025)
- 7.5 lakh