India's alternative investment market could grow more than five-fold to over $2 trillion by 2034, driven by rising participation by high-net-worth investors and demand for higher-yielding assets, says a joint report by…
India's alternative investment market could grow more than five-fold to over $2 trillion by 2034, driven by rising participation by high-net-worth investors and demand for higher-yielding assets, says a joint report by EY and Julius Baer. The report estimates current alternative investment assets at about $400 billion, including $156 billion in SEBI-registered Alternative Investment Funds.

Family offices are shifting from passive investing to acting as limited partners in private equity and venture capital funds, and pursuing co-investments. Their focus is expanding to artificial intelligence, climate tech, renewable energy, semiconductors, and data centres. India had over 19,000 ultra-high-net-worth individuals in 2024, projected to exceed 25,000 by 2031, while family offices grew from about 45 in 2018 to nearly 300 in 2024-25.
Both sources carry the same ANI copy verbatim, making this a wire story with no editorial variation. The framing is straight reporting: the headline numbers, the family-office trend, and the list of target sectors are presented without any government or market commentary. A careful reader should note that the $2 trillion figure is a projection, not a certainty, and the report does not model risks such as regulatory changes or global capital-flow shifts. The key number to watch is the growth in SEBI-registered AIF assets, which at $156 billion is the most concrete baseline in the report.
Coverage: 2 sources, 2 neutral
Sources (2): thehindubusinessline.com (neutral report), economictimes.indiatimes.com (neutral report)
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.