India's rich club to grow 75% by 2025 despite pandemic: Knight Frank study

As many as 91% of the ultra-rich are expecting a massive increase in their wealth over the next five years

The economic turmoil resulting from the Covid pandemic has impacted a large section of the population, including high net-worth individuals (wealth over Rs 7 crore), but it is unlikely to impact the rapid rise in their numbers. A global report by Knight Frank shows the country's rich club to grow by 75 per cent by 2025, compared to 41 per cent globally. While the ultra-rich population to swell by 63 per cent, second only to Indonesia (67 per cent), indicating further concentration of wealth in India.

While a large section of the population is facing uncertainty over their financial