The Wealth Report 2025: India Ranked 4th Globally

Current Context: The Wealth Report 2025, released on March 5, 2025, by Knight Frank, provides a comprehensive analysis of global wealth trends.

• It highlights India's position as the 4th largest country in terms of high-net-worth individuals (HNWIs), defined as those with assets exceeding $10 million.
• India has 85,698 HNWIs in 2024 and is projected to see a 9.4% growth, reaching 93,753 by 2028.
• This growth is attributed to strong economic performance, emerging investment opportunities, and a thriving luxury market.
• Globally, India ranks behind the United States, China, and Japan in HNWI population.
• Additionally, India's billionaire population has grown by 12% year-on-year, with 191 billionaires having a combined wealth of $950 billion, placing the country 3rd globally in billionaire wealth.

Question:

Q.1 What is the rank of India in terms of the number of High Net-Worth Individuals (HNWIs) as per The Wealth Report 2025?
a) 2nd
b) 3rd
c) 4th
d) 5th

Answer: c) India ranks 4th with 85,698 HNWIs, behind the U.S. (1st), China (2nd), and Japan (3rd).