Wealth in India: Sizing the Market Opportunity 2016


Posted January 23, 2017 by Helenmo

MRRS adds "Wealth in India: Sizing the Market Opportunity 2016" latest studies, published in November 2016. It is a professional and in-depth study.

 
MRRS adds "Wealth in India: Sizing the Market Opportunity 2016" latest studies, published in November 2016. It is a professional and in-depth study.
Summary
Driven by economic performance, over the past few years the Indian wealth market has impressed with strong growth rates, which are expected to continue to 2020. India currently holds the crown as the world’s fastest growing major economy and, as such, it is beginning to positively distance itself from Brazil, Russia, and China. This, aligned with the substantial Indian population, underlines the huge potential of the market for wealth managers.
Key Findings
– Affluent individuals represent just 0.8% of the adult population, holding 93.5% of liquid assets. This reflects the high levels of wealth inequality in the country. Both the number of affluent individuals and their assets are forecast to grow strongly to 2020.
– Driven by a strong economic performance, the Indian retail savings and investments market will continue to exhibit rapid growth from 2016–20, with a compound annual growth rate (CAGR) of 11.8%. Assets will reach $2,361.7bn by the end of 2020.
– Deposits and equities will be the major drivers of growth in the market to 2020 as a result of robust economic and stock market performance. The drive for greater financial inclusion will also increase the share of the market held by deposits.
– Indian HNW individuals allocate 40.6% of their portfolios outside of traditional liquid asset classes, significantly above the global average. Direct property remains a key area of interest (38% of non-traditional assets), but private equity investment – particularly in start-ups and mid-stage companies – is gaining importance.
– Indian HNW offshore allocation is broadly in line with the global average (19.2% vs 18.7%). This is primarily driven by the desire for geographic diversification, and concerns about local currency volatility.
Synopsis
Verdict Financial’s “Wealth in India: Sizing the Market Opportunity 2016” report analyzes the Indian wealth and retail savings and investments markets, with a focus on the HNW segment. The report is based on our proprietary datasets.

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Issued By mrrs
Country United States
Categories Business
Last Updated January 23, 2017