India’s ultra-rich population to grow fastest in world, up 50 per cent by 2028: Report

India is poised to lead global growth in its ultra-high-net-worth individual population, projecting a 50% increase by 2028. This surge aligns with a robust luxury market expansion, fueled by demographic shifts and retail infrastructure development. Despite new import taxes, India's economic ascent, surpassing Japan as the fourth-largest economy, further reinforces this trend.