How is the demographic trend changing in India as reflected by the Knight Frank report
India's millionaire population rise 6% in 2024; number of billionaires reaches 191: Knight Frank.
- India's millionaire population increased by 6% in 2024, indicating a steady growth in high net worth individuals.
- The number of billionaires in India has reached 191, showcasing a rise in ultra-wealthy individuals.
- This trend reflects a shift towards a more prosperous society with an expanding affluent class.
- Higher disposable incomes, increased investments, and a burgeoning economy are factors contributing to the rise in wealthy individuals.
- The growth in the millionaire and billionaire population signifies evolving wealth patterns and opportunities in India.
- Overall, the demographic trend in India is moving towards greater wealth accumulation and a growing number of affluent individuals.
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