(E) Estimated, (P) Projected
The number of such households increased 16% over the previous financial year. The total net worth of Indian ultra high net worth individuals was one lakh crore rupees, and is expected to quadruple by 2018-19.
About 60% of high net worth individuals are engaged in philanthropy. The four metros – Mumbai, Delhi, Chennai and Kolkata – represent 55% of all ultra HNHs. The next top six cities – Bengaluru, Ahmedabad, Pune, Nagpur, Hyderabad and Ludhiana – now have 16% of such households.
The top 0.5% rich of India are experimental with cuisine. They like Chinese food the most, and eat out at fine dining Italian restaurants as often as Indian.
They love to travel the world. Although the number of days per trip are reducing, the overall number of trips are increasing. There is an increased interest in short weekend trips amongst the rich. They spend an incredible Rs 1.2 lakh per couple per night.
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