| India has 62,000 ultra high net worth households, with an average net worth of Rs 75 crore. In five years, the number of such households would more than treble to 219,000, each with a net worth of about Rs 100 crore.
According to a study by Kotak Wealth and Crisil Research released on Tuesday, the fast growth in their ranks notwithstanding, the number of ultra wealthy households remains a mere 0.03 per cent of the total households in the country. The report defined ultra high net worth households as those with a minimum net worth of Rs 25 crore...............................................Full Article: Source
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