Country’s millionaires invest their money here, this is how they become rich every year

Knight Frank India According to the new report, India’s millionaires and billionaires have invested most in equity market, real estate and bonds. Equity investment is 34 per cent, investment in commercial assets is 25 per cent and investment in bonds is 16 per cent. Apart from these, the Indian rich also have private equity and venture capital investments (10 per cent), gold (6 per cent) and cars and artworks (4 per cent).

Knight Frank India Managing Director Shishir Baijal said that with India emerging as a market full of opportunities, it is expected to remain on the growth path despite the impending recession. At such a time, there is a possibility of increasing the wealth of Indian rich people in 2023 as well. Baijal, however, expressed apprehension that the turbulent global economic scenario and high interest rates could have an impact on market sentiment. Despite this, the demand for quality residential and commercial properties is expected to remain high.

wealth of 9 out of 10 rich in 2022

Apart from this, the wealth of 9 out of every 10 wealthy people in the country had increased last year and in 2023 also the wealth of the highly affluent section is expected to increase. Property advisory firm Knight Frank has presented this assessment in its latest report based on the results of a global survey. 88 percent of the Indian participants involved in this have said that their wealth will increase in the year 2022.

10 percent property will increase

According to this survey conducted among the ultra-rich, the wealth of the Indian rich grew by more than 10 percent last year. He is expected to continue the process of increasing his wealth in the year 2023. Of these, 47 percent of Indian participants believe that their wealth will increase by more than 10 percent in the new year. At the same time, 53 percent people feel that this year it will definitely increase by at least 10 percent.