Primary source of wealth of Indian Ultra HNI
India's Ultra-HNIs and the Power of Business Profits
According to the Kotak Private TOP 2024 Survey, 61% of Ultra-High-Net-Worth Individuals (Ultra-HNIs) in India identified 'Profits from Business' as their primary source of wealth. This finding highlights a key trend: entrepreneurial success remains the cornerstone of wealth creation in India’s rapidly evolving economic landscape.
What sets these Indian businesses apart is their ability to thrive amid global economic uncertainty. A young and expanding workforce, rising foreign direct investments (FDI), and robust domestic demand and consumption form the backbone of this resilience. Together, these factors create a dynamic and fertile environment for scaling businesses across sectors—from technology and manufacturing to consumer goods and services.
India's demographic dividend, combined with a digital-savvy middle class and favorable government reforms, is enabling business owners and founders to tap into both local and global markets. This environment not only fuels individual wealth growth but also contributes significantly to national economic progress.
In an era where several global economies are facing headwinds, India presents a compelling growth story—making it a bright spot in an otherwise subdued international backdrop. The entrepreneurial spirit of its Ultra-HNIs reflects not just personal ambition, but a broader confidence in India’s long-term economic trajectory.