India to be fastest-growing wealth market over next decade: Henley study

Dollar millionaires and billionaires will grow by 80% over the decade in India

There will be a big boom in the number of millionaires and billionaires in India over the next decade, says a report that tracks private wealth and investment migration trends worldwide.

According to a forecast of high-net-worth individual (HNWI) growth figures published in the latest Henley Global Citizens Report, the number of dollar millionaires and billionaires will grow by 80 per cent during this period in India compared to just 20 per cent in the US and 10 per cent in France, Germany, Italy and the UK.

The 2022 Q2 report was released by international residence and citizenship investment advisory