According to the latest Hurun India Wealth Report 2021, the number of dollar-millionaire households in India increased by 11 per cent to 4,58,000 households in 2021, as compared to 2020. A household having a net worth of at least INR 7 crore ($1 million), is referred to as a dollar-millionaire household. The report has estimated that the number of dollar-millionaire households in the country shall increase by 30% over the next five years to reach 6,00,000 households in 2026.
Key points of the report:
- Meanwhile, in the list of cities with the most millionaires, Mumbai has topped with 20,300 millionaires households. Mumbai is followed by Delhi with 17,400 and Kolkata with 10,500 millionaire households, respectively.
- The report is based on the survey on 350 Indian ‘millionaires’ (individuals with a personal wealth of $1 million).