India's high net-worth population stalls after 2017 jump: Report
After 20% jump in 2017, India’s HNI count fell by 3% in 2018 and rose by almost the same amount in 2019, keeping the HNI population more or less stagnant.
India has failed to make any net additions to its high net-worth individual (HNI) population since 2017, a Capgemini report showed. The Capgemini World Wealth Report which is released every year records investment trends among the affluent. The country’s HNI population surged in 2017 going from 2.19 lakh to 2.63 lakh and has remained stagnant since then. The Capgemini report does not cover data post the covid-19 crisis, meaning that the picture is likely to have worsened since the publication of the report.