This story belongs to the Fortune India Magazine September 2023 issue.
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The Indian high net worth individual (HNI) population, with asset value of $1 million and more is expected to rise to 16.5 lakh by 2027, growing 107% from 7.9 lakh in 2022. Ultra-high-net-worth individuals (UHNWIs), with net worth over $30 million, projected to increase by 58.4% in five years to 19,119 individuals by 2027.
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