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India’s Recent Wealth Creation Journey

According to Ajay Srinivasan, the structural shift underway in our economy is undoubtedly going to create many opportunities. According to him, u201cAsset managers, wealth managers, capital market players like exchanges, depositories, and transfer agents, securities brokers, and investment bankers will all benefit from the growth in wealth and the growth of financial assets.

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India’s Recent Wealth Creation Journey

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  1. INDIA’S RECENT WEALTH CREATION JOURNEY

  2. The global wealth landscape is transforming at an extremely fast pace, and in that transformation wave, India’s journey has been the most compelling. A decade ago, the number of billionaires in our country was very low compared to global players. However, today, India has the third-largest billionaire count. It has even outpaced traditional European countries, who have been dominating the wealth landscape for centuries now.

  3. India’s Recent Wealth Creation Surge: India has experienced an extraordinary wealth surge over the past few years. Our country has risen to the fourth place globally in the world economy. It is now home to 85,698 high-net-worth individuals according to xxx. This number is continuously on the rise. As per the CRISIL’s India Outlook report, the Indian economy is projected to reach 7 trillion USD by 2031. This will make it the third-largest economy by 2031. This economic ascent has helped create a thriving environment for wealth creation. The ultra-rich and rich people club is constantly expanding. Its members are also becoming wealthier with time.

  4. Various Sectors Which Have Directly Contributed To Financial Growth In India: Fintech: India’s fintech sector has been a promising wealth creation machine. This industry has completely revolutionised the way various companies operate. As financial services have started to expand, this sector has become all the more relevant. SaaS: The SaaS industry has also helped in creating extraordinary opportunities for the founders and employees. Companies from all other sectors are highly dependent on this sector for their various operations. The wealth generation potential for this sector is quite extraordinary. It also comes with the extraordinary ability to create billionaires in the long run.

  5. Ajay Srinivasan’s Views On India’s Wealth Sector: According to Ajay Srinivasan, the structural shift underway in our economy is undoubtedly going to create many opportunities. According to him, “Asset managers, wealth managers, capital market players like exchanges, depositories, and transfer agents, securities brokers, and investment bankers will all benefit from the growth in wealth and the growth of financial assets. While margin profiles vary across these players, the price-earnings multiples probably vary by more.”

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