The economic growth rates in India may be slowing, but if recent research is to be believed, there is no downturn for the very wealthy in the country.
A report released this week by the wealth management division of Kotak Group, a financial services company, and Crisil, a research agency, suggested the overall fortunes of ultra-high net worth households in India would increase five-fold by 2016/2017 – from the current 65 trillion Indian rupees (€950 billion) to 318 trillion Indian rupees.