The anticipated growth in Indian household wealth highlights the need for upgrades and expansion within the domestic wealth management sector in India. Only then will local providers be able to effectively handle the evolving needs and diverse investments of both resident and non-resident Indians.

As per GlobalData’s Wealth Markets Analytics, India’s household wealth is expected to grow rapidly at a rate of 8.6% in 2024, before crossing the $4trn mark in 2025. This growth trend will be driven by several factors. Most notably, domestic stock markets are projected to continue their bull run. The Indian stock market achieved a major milestone in 2023 as the benchmark NIFTY 50 index reached an all-time high of 19,425 in November 2023, outperforming many of its international counterparts.

household wealth india
Source: GlobalData’s Wealth Markets Analytics

Additionally, the Reserve Bank of India decided to maintain its repo rate at 6.5% and adopt an accommodative stance in December 2023. This approach is expected to boost liquidity and foster further investment in stock markets and mutual funds.

The growing value of Indian household savings will require a major expansion in the size and sophistication of the local wealth market—as will individuals’ increased exposure to and interest in investment products such as stocks, ETFs, and mutual funds rather than simple deposits. In 2024, expect local wealth managers to announce big expansion drives even as international providers increasingly eye the market for new clients.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.