Profiling
The dominant source of wealth creation in India is Entrepreneurship. However, fast growing service industries such as information technology and financial services
Top of the Pyramid
The phenomenal growth in the number of the super rich has laid the foundation for an unprecedented expansion of the wealth management industry in India. Inevitably, it has also driven the entry and growth of luxury brands that cater exclusively to the tastes of the ultra high net worth individuals (ultra HNIs). However, there is dearth of information on the earning, spending and investing trends of the ultra wealthy. Kotak and CRISIL seized the opportunity to create a report that analyses and tracks these trends year on year with specific reference to the Indian market.
Spends
The economic reforms of the early 1990s unleashed a wave of industrialisation and growth that increased the standard of living and wealth among many sections
Investments
Driven by a slew of factors, the number of ultra HNIs in India has leapfrogged in the last decade,and so has their wealth
Quotes from the respondents
