Summary:
According to the report by Knight Frank the growth will outpace the global average growth of 24 per cent and Asia average of 38 per cent during the period. “An individual requires US$ 60000 to join the wealthiest one per cent club in India. The wealth growth forecasts predict India's threshold of one per cent the wealthiest club to almost double in the next five years. In line with global trends Indian UHNWIs too cited a higher preference for wine compared to rare whisky in 2020” the report said. The new economic opportunities will help bring lucrative wealth creation assets which may add new wealthy individuals in the country”..