India’s high-net-worth individual (HNWI) population increased by 3% in 2025 to nearly 3.9 lakh individuals, with their financial wealth rising by 4.6% to around $1.64 trillion, according to a report. The report from Capgemini Research Institute highlighted changing investor preferences in India, focusing more on personalization, alternative investments, and AI-driven wealth management experiences.
Economic growth in India remained robust, with a 7.6% expansion in GDP in 2025, supported by growth in the manufacturing and services sectors, as per the report. Global high-net-worth individual wealth saw a significant rise in 2025, with Asia-Pacific leading in wealth growth at 10.5% and population growth at 9.4%.
Japan and China were standout performers, adding 436,000 and 154,000 millionaires, respectively. India and Australia also experienced growth, with HNWI populations increasing by 11,300 and 18,100 individuals, respectively. The global HNWI wealth surged by 8.7% in 2025 to a record $98.3 trillion, marking the largest single-year increase since 2018.
The report noted that ultra-high-net-worth individuals benefitted the most from wealth gains due to their exposure to various asset classes. Wealth distribution remained concentrated, with the top 1% of HNWIs holding 34.8% of HNWI wealth. Equity markets, driven by AI-related rallies, played a key role in HNWI wealth growth across most major regions in 2025.
North America witnessed a 9.1% increase in its HNWI population, led by the United States, which added 736,000 new millionaires in 2025. Equity allocations in HNWI portfolios rose to 25% in January 2026, a three-percentage-point increase from the previous year. The growth was fueled by strong corporate earnings and notable gains in the technology sector.
