Now Reading: Global investing surges as India’s wealthy spread beyond metros
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Global investing surges as India’s wealthy spread beyond metros
Global investing surges as India’s wealthy spread beyond metros
Wealth creation in India is spreading beyond Delhi-NCR, Mumbai, and Bengaluru to cities such as Hyderabad, Pune, Kolkata, Ahmedabad, and smaller centres such as Lucknow and Nagpur, says Ashish Shanker of Motilal…
The Story in Brief
Wealth creation in India is spreading beyond Delhi-NCR, Mumbai, and Bengaluru to cities such as Hyderabad, Pune, Kolkata, Ahmedabad, and smaller centres such as Lucknow and Nagpur, says Ashish Shanker of Motilal Oswal Private Wealth. His firm's assets under management have surged from Rs 20,000 crore to Rs 2.39 trillion in five years.
Barclays Private Bank India's Adrish Ghosh notes that first-generation family businesses now account for Rs 77.8 lakh crore in value, while India's top 300 family businesses are valued at Rs 138 lakh crore. Both experts say wealthy investors are increasingly allocating to global assets, private equity, and alternative investments, and are becoming more selective about unlisted opportunities after valuation corrections since 2021.
The Indian Opinion
The coverage hints that India's new rich are both bullish on India and fleeing to global assets. That is a contradiction, not a nuanced strategy. For a promoter in Rajkot, a family office in Mumbai, and a techie in Bengaluru, the right mix of domestic and foreign holdings is very different. The real test will be foreign-exchange outflows in the next RBI data release. Do wealthy investors actually move money overseas at scale, or is the diversification talk mostly salesmanship by wealth managers? Follow the actual capital flows, not the marketing narrative.
Sources (2): livemint.com, bfsi.economictimes.indiatimes.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
