The Mercedes-Benz Hurun India Wealth Report 2025 is out. This highlights a large increase in India’s millionaire households, almost 200%. In addition, 83% of respondents remain confident about the growth of India over the next three years. The massive growth shows strong wealth creation along with GDP growth, Sensex increase and new billionaires. India now has 8,71,700 millionaire households with a net worth of over £ 8.5 ($ 1 million), almost double the 2021 figure of 4.58,000. This represents 0.31% of all households. From 2017–2025, million -dollars households grew by 45%. But only a small share moved into ultra-rich categories, according to the Mercedes-Benz Hurun India Wealth Report 2025. The Nifty 50 index rose almost 70% between 2021 and 2025, while gold prices almost doubled in the same period. HDFC Bank emerged as India’s most preferred private bank, and Citibank led internationally. Stocks, real estate and gold remain the favorite investments. UPI programs have inundated maps and cash in luxury transactions. Investments show a conservative shift, according to Mercedes-Benz Hurun India Wealth Report 2025. About 29% manage it actively, but only 17% take risks while 31% remain cautious. The US remains the best overseas investment choice, followed by the UAE. Maharashtra leads with 1,78,600 millionaire households, powered by Mumbai’s 1.42,000. The state has had growth of 194% since 2021, with its GSDP rising 55% to £ 40.5 Lakh Crore ($ 480 billion). Delhi and Tamil Nadu also recorded significant growth. Mumbai became India’s Millionaire Capital with 1,42,000 such families, followed by New -Delhi with 68.200 and Bengaluru with 31,600. Together, the top 10 states are made up of 79% of the millionaires of the country. This growth was fueled by profits in technology, finance and industries, as well as strong markets. According to the world’s richest cities report 2025, released in June, Bengaluru has earned 3rd place over the past decade with 120% millionaire growth. Delhi and Mumbai also showed strong profits, with 82% and 69% growth, with the 14th and 18th worldwide. How wealthy Indians see money, the Mercedes-Benz Hurun India Luxury Consumer Survey 2025 also shows how rich Indians view money and expenses. For financial freedom, 27% said £ 50 crore is enough, 25% chose £ 10 crore, and 20% set it at £ 200. About 60% of households spend less than £ 1 a year, with most going tourism, education and entertainment. On social responsibility, 30%consider the most important, followed by environmental causes (20%) and charity (17%).
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