Campden FO: the amount of wealth held by high net worth individuals in India has increased faster than that held by rich people globally.
That is according to the India Wealth Report, released by Indian wealth management firm Karvy Private Wealth. It found that while the fortunes of HNW individuals internationally grew by around 9% during the year, money held by Indian rich increased by more than 11%.
This made India one of the fastest-growing HNW populations in the world, accounting for 1.2% of global wealth, said the report.
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