While the USA remains the primary millionaire factory, India outpaced many developed markets in growth. Indias wealth is rooted in real assets rather than financial assets, and owes less debt. The country also cemented its position as a top-tier hub for millionaires: it now has as many of them as Switzerland.

The UBS Global Wealth Report 2025 rang alarm bells, saying that while average wealth rose, inequality has deepened since 2020. | India News

While the USA remains the primary millionaire factory, India outpaced many developed markets in growth. Indias wealth is rooted in real assets rather than financial assets, and…