In 2022, the majority of Indian adults had a wealth of 10,000 U.S. dollars or less. On the other hand, about *** percent were worth more than *********** dollars that year. India The Republic of India is one of the world’s largest and most economically powerful states. India gained independence from Great Britain on August 15, 1947, after having been under their power for 200 years. With a population of about *** billion people, it was the second most populous country in the world. Of that *** billion, about **** million lived in New Delhi, the capital. Wealth inequality India suffers from extreme income inequality. It is estimated that the top 10 percent of the population holds ** percent of the national wealth. Billionaire fortune has increase sporadically in the last years whereas minimum wages have remain stunted.

At the end of 2022, the Gini coefficient of wealth in India stood at ****. This was a slight increase from previous years. The trend since 2000 shows rising inequalities among the Indian population. What is Gini coefficient of wealth? The Gini coefficient is a measure of wealth inequality. The coefficient of the Gini index ranges from 0 to 1 with 0 representing perfect equality and 1 representing perfect inequality. Wealth and income distribution and inequality can however vary greatly. In 2023, South Africa topped the list of the most unequal countries in the world in terms of income inequality. Why do economic inequalities persist in India? By the end of 2022, the richest citizens in the country owned more than ** percent of the country’s wealth. Asia’s two richest men Mukesh Ambani and Gautam Adani are Indians. The number of high-net-worth individuals has continuously increased over the last decades. While millions of people escaped poverty in the country in the last few years, the wealth distribution between rich and poor remains skewed. Crony capitalism and the accumulation of wealth through inheritance are some of the factors behind this widening gap.

Data and insights on Wealth Distribution in India - share of wealth, average wealth, HNIs, wealth inequality GINI, and comparison with global peers.

At the end of 2022, the total household wealth in India stood at over 16 trillion U.S. dollars, up from over 14 trillion in 2021. Except a decline during pandemic, the household wealth has been on the rise.

In 2019, there were nearly six thousand ultra-high-net-worth individuals (UHNWI) in India with private assets worth around 440 billion U.S. dollars. The value of wealth was expected to grow to over 700 billion dollars by 2024.

At the end of 2020, the average wealth per adult in India stood at 14,252 U.S. dollars. This was a slight decrease compared to the previous year. Nevertheless, the value increased extensively over the last twenty years from around 2,600 dollars in 2000, illustrating India's economic growth during this period.

We use data from the Bureau of Indian Affairs annual reports between 1912 and 1927 to examine the wealth of Indigenous nations in the contiguous U.S. during the early 20th century. Our estimates reveal considerable heterogeneity in wealth holdings across Indigenous nations. In 1912, the average real per capita wealth of Indigenous nations was high relative to other groups, but it declined systematically throughout the period of our study. Given the available contemporary evidence, our estimates imply a dramatic widening of the wealth gap over the last century.

The Indian asset management industry is experiencing robust growth, driven by increasing household savings, a burgeoning middle class, and government initiatives promoting financial inclusion. The study period of 2019-2033 reveals a significant expansion, with a considerable Compound Annual Growth Rate (CAGR). While the exact market size for 2025 is not provided, considering the historical period (2019-2024) and a projected CAGR, a reasonable estimation places the 2025 market size at approximately ₹15 trillion (USD 180 billion). This substantial figure reflects the rising popularity of diverse investment vehicles, including mutual funds, alternative investments, and retirement plans. The forecast period (2025-2033) anticipates continued growth fueled by factors such as increasing digital adoption, the expansion of financial literacy programs, and the entry of new players into the market, further diversifying investment options. A key aspect driving growth is the increasing preference for professionally managed investments among individual investors, indicating a shift towards sophisticated wealth management strategies. The projected growth trajectory for the next decade suggests a considerable expansion of the asset management sector in India. The industry's evolution will be marked by increased competition, technological advancements enhancing operational efficiency and client experience, and a focus on catering to the needs of a diversifying investor base. Regulatory changes and improvements in market infrastructure will further propel the industry's growth. A more granular analysis would require data on specific asset classes, but overall, the outlook remains positive, indicating a substantial rise in the market value by 2033, surpassing the ₹15 trillion mark considerably. This projected growth makes the Indian asset management market a compelling investment opportunity and a significant contributor to the country's economic development. This insightful report provides a detailed analysis of the burgeoning Asset Management in India market, encompassing the period from 2019 to 2033. With a base year of 2025 and a forecast period spanning 2025-2033, this study offers invaluable insights into market dynamics, growth drivers, and future projections. The report leverages historical data (2019-2024) to provide a robust understanding of the market's evolution and future trajectory. Keywords: Indian Asset Management, Mutual Funds India, AMC India, Investment Management India, Alternative Investments India, Wealth Management India. Recent developments include: On December 24, 2021, HSBC Asset Management India signed a deal to buy L&T Investment Management (LTIM) from L&T Finance for USD 425 million. LTIM is a wholly-owned subsidiary of L&T Finance and the investment manager of the L&T Mutual Fund. The deal is part of the British lender's strategy to build its wealth and asset management presence in Asia., On January 28, 2021, Sundaram Asset Management Company (AMC) announced the acquisition of Principal Asset Management, the Indian business of the global financial services major, Principal Financial Group, for INR 33.8 billion (USD 409 million).. Notable trends are: Increase in Private Equity/Venture Capital Investment Activities is Driving the Market.

According to a survey conducted between November 2013 to May 2014, Hindu households had the highest wealth index ranking in terms of possession of assets, infrastructure and housing characteristics. As a country with a majority of Hindus, it is no surprise that these households have a stronger foothold in terms of economic opportunities.

The Indian WealthTech solution market is expected to grow at over 17.22% CAGR from 2025 to 2030, driven by a large, tech-savvy population seeking innovative financial services.

Broad money (% of GDP) in India was reported at 82.1 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Broad money (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Graph and download economic data for Deposit Money Bank Assets to GDP for India (DDDI02INA156NWDB) from 1960 to 2021 about India, deposits, assets, banks, depository institutions, and GDP.

Wealth Management Market Outlook

The global wealth management market size is expected to grow significantly, from USD 3.4 trillion in 2023 to an impressive USD 7.2 trillion by 2032, reflecting a compound annual growth rate (CAGR) of 8.5%. This exponential growth is driven by several factors including the increasing number of high net worth individuals, the rapid adoption of digital advisory tools, and evolving customer expectations for personalized financial services.

One of the primary growth drivers in the wealth management market is the increasing wealth of individuals globally. The rising number of high net worth individuals (HNWIs) and ultra-high net worth individuals (UHNWIs) has significantly fueled the demand for wealth management services. These individuals seek sophisticated and tailored financial solutions that can help them grow, preserve, and transfer their wealth efficiently. Additionally, the growth in the mass affluent segment is also contributing to the market expansion as more individuals seek professional advice to optimize their financial portfolios.

Technological advancements and digitalization are also playing a crucial role in the growth of the wealth management market. The adoption of robo-advisors and hybrid advisory models has made wealth management services more accessible and cost-effective. These digital platforms use algorithms and data analytics to provide personalized investment recommendations, making it easier for investors to manage their portfolios. Furthermore, the integration of artificial intelligence (AI) and machine learning (ML) in financial advisory services has enhanced the accuracy and efficiency of investment strategies, thereby attracting more clients to these platforms.

Changing customer expectations and preferences are also driving the growth of the wealth management market. Modern investors are looking for more than just traditional financial advice; they want comprehensive wealth management solutions that include estate planning, tax optimization, and retirement planning. Moreover, the increasing focus on sustainable and responsible investing has led to the emergence of Environmental, Social, and Governance (ESG) investing as a significant trend in the market. Wealth management firms are now offering ESG-compliant investment options to cater to the growing demand for ethical investing.

Regionally, North America continues to dominate the wealth management market, driven by the high concentration of HNWIs and UHNWIs, along with the presence of established financial institutions. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period. The rapid economic growth, increasing wealth of individuals, and rising adoption of digital financial services in countries like China and India are the key factors contributing to the market growth in this region.

Advisory Type Analysis

The advisory type segment in the wealth management market is broadly categorized into Human Advisory, Robo Advisory, and Hybrid Advisory. Human advisory remains the traditional and most prevalent form of wealth management, where clients receive personalized advice from financial advisors. This advisory type is particularly favored by HNWIs and UHNWIs who value the personalized touch and expertise of human advisors. Human advisors can offer comprehensive financial planning, estate planning, and tax optimization services that are tailored to the individual needs of their clients. Despite the rise of digital advisory tools, human advisory continues to hold a significant share of the market due to the trust and rapport built between advisors and their clients.

On the other hand, robo advisory is gaining significant traction, especially among the younger and tech-savvy population. Robo advisors use algorithms and data analytics to provide automated investment advice and portfolio management services. This advisory type is cost-effective and accessible, making it an attractive option for mass affluent and retail clients who may not have access to traditional wealth management services. The low fees and minimum investment requirements associated with robo-advisors have democratized access to wealth management services, allowing a broader segment of the population to benefit from professional financial advice.

Hybrid advisory combines the best of both worlds by integrating human expertise with robo-advisory technology. This model offers clients the convenience and cost-effectiveness of digital platforms along with the personalized touch of human advisors. Hybrid adviso

India Money Market: Overnight Segment: Amount data was reported at 6,005,561.800 Unit mn in 15 May 2025. This records an increase from the previous number of 5,741,166.400 Unit mn for 14 May 2025. India Money Market: Overnight Segment: Amount data is updated daily, averaging 1,570,795.000 Unit mn from Jun 2008 (Median) to 15 May 2025, with 5099 observations. The data reached an all-time high of 6,675,154.800 Unit mn in 07 Apr 2025 and a record low of 0.000 Unit mn in 12 May 2025. India Money Market: Overnight Segment: Amount data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Monetary – Table IN.KAD001: Money Market.

The statistic illustrates the results of a survey among ultra high net worth households or UHNHs across India in 2016 about their usage of wealth. Investment into primary business accounted for about 23 percent of total UHNH wealth, while discretionary expenses accounted for about 15 percent of total wealth use during the survey period.

Broad money growth (annual %) in India was reported at 11.3 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Broad money growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Money Supply M0 in India increased to 48360.10 INR Billion in March from 47503.95 INR Billion in February of 2025. This dataset includes a chart with historical data for India Money Supply M0.

Graph and download economic data for Monetary Aggregates and Their Components: Broad Money and Components: M3 for India (MABMM301INM189N) from Jan 1960 to Sep 2023 about M3, broad, India, and monetary aggregates.

India MO: Term Money Market: Rate: Low data was reported at 6.400 % pa in 19 Nov 2018. This records an increase from the previous number of 6.300 % pa for 16 Nov 2018. India MO: Term Money Market: Rate: Low data is updated daily, averaging 7.250 % pa from Apr 2006 (Median) to 19 Nov 2018, with 3080 observations. The data reached an all-time high of 15.750 % pa in 06 Oct 2008 and a record low of 2.600 % pa in 26 Jun 2009. India MO: Term Money Market: Rate: Low data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Daily Database’s Monetary – Table IN.KAD001: Money Market.

Private credit by deposit money banks to GDP (%) in India was reported at 51.88 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Private credit by deposit money banks to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.