When The House Fire Is Far From Burning Bright!
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THE BACKBONE of India’s economic growth lies in its houses and building construction, which significantly contributes to the gross fixed capital formation. At 55%, this sector is the largest driver of investments, with households accounting for nearly half of this share. Historically, households led the charge during peak capex cycles, bolstered by robust private sector investment. The current cycle, however, shows a slower pace of growth in construction, with both private and household capital expenditure lagging. Notably, households’ share of gross fixed capital formation has declined from a high of 37% in FY12 to just 28% in FY23.
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August 2025
As India continues to be the world’s fastest-growing major economy, Fortune India presents its special issue on the nation’s Top 100 Billionaires. Curated in partnership with Waterfield Advisors, this year’s list reflects a slight decline in the number of dollar billionaires—from 185 to 182—even as the entry threshold for the Top 100 rose to ₹24,283 crore, up from ₹22,739 crore last year. From stalwarts like Mukesh Ambani, Gautam Adani, and the Mistry family, who continue to lead the list, to major gainers such as Sunil Mittal and Kumar Mangalam Birla, the issue goes beyond the numbers to explore the resilience, ambition, and strategic foresight that define India’s wealth creators. Read their compelling stories in the latest issue of Fortune India. On stands now.