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India's super rich grow by 17% in FY15

Industry Economy

According to Kotak Wealth Management’s annual wealth report, Top of the Pyramid 2015, growing opportunities in e-commerce, a rising stock market and an optimistic economic outlook have helped the number of ultra-high networth households (UHNHs) in India grow 17 per cent in FY15. The report said that, in the current financial year, the number of families with net assets (excluding residence) of more than Rs 25 crore was around 137,100 against 117,000 a year back.

Extracted from BS, Aug 12,’15

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