Millionaire Households In India Rise By 11% In A Year: Report
NDTV
The Hurun Report said that collecting watch is the preferred hobby and Rolex is the most preferred luxury watch brand among high networth individuals.
The number of dollar-millionaire households in India increased by 11 per cent compared to last year, according to Hurun India Wealth Report 2021. The report compiles India's richest list and the accompanying Luxury Consumer Survey their behavioural patterns. According to the latest edition of the Hurun Report, Mumbai has the highest number of millionaire households in the country, followed by Delhi and Kolkata.
The Hurun Report defines millionaire households with a net worth of $1 million (equivalent to Rs 7 crore). The report was released today. It said that such households have reached 4.58 lakh this year, rising 11 per cent compared to the last year's number.
It further said that the number of dollar-millionaire households in India is estimated to increase by 30 per cent over the next five years to reach six lakh households by 2026.
Talking about the city-wise distribution of millionaire households, the Hurun Report said that Mumbai has 20,300 such households, while Delhi has 17,400 and Kolkata 10,500.
