Wealth Management Market in India

Demographics

Sustained GDP growth has created wealth in many sectors like gems & jewellery, relating, financial services and BPO
GDP growth is concentrated in Maharashtra, UP and WB
Mumbai alone accounts for 50% of the deposits held by foreign banks.
High net worth individuals (HNIs) are defined as those with the financial assets of at least 1 million dollar excluding residential property
Estimated 70,000 HNWI are there in India compared to 8.3 million worldwide.
Number of HNIs in India is increased by 15 to 20 % yearly.

Major products offering