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India’s Asset and Wealth Management Industry to Reach $1.7 Trillion by 2030

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New Delhi, June 25 (IANS) India’s asset and wealth management industry is projected to reach $1.7 trillion in assets under management by 2030, up from $0.9 trillion in 2024, implying a compound annual growth rate of 11.6 per cent, a report said on Thursday.The growth in asset and wealth management industry is driven by parallel growth in institutional capital pools and retail financialisation, the report from PwC said.It further highlighted that India’s rapid growth outlook sits within a broad…