June 25, 2025 5:12 PM
Number of India’s dollar millionaires to surge 55% by 2029: Report
India’s wealth management market is undergoing a seismic shift, with the number of dollar millionaires expected to grow by over 55 per cent from 2024 to 2029 - far outpacing the global average of 21 per cent, according to a Boston Consulting Group (BCG) report released on Wednesday. From 2014 to 2024, organic growth varied sharply by region, with wealth managers in the Asia Pacific region (APAC) achieving rates of 50 per cent - more than double that of their peers in EMEA (Europe, Middle East...