<p>India’s rich families have grown by 11 per cent in 2021 with as many as 4,58,000 dollar-millionaire households recording a net worth of at least Rs 7 crore, as per Hurun India’s Wealth Report 2021.</p>.<p>The report comes a month after Oxfam, in its inequality report titled ‘Inequality Kills: India Supplement 2022’, reported that since 2015, more and more of India’s wealth has gone to its richest 1 per cent.</p>.<p>The Hurun report expects the number of dollar-millionaire households to rise by 30 per cent to 6,00,000 in the next five years.</p>.<p>Currently, Mumbai leads the list of cities with the highest number of dollar-millionaire households with 20,300, followed by Delhi with 17,400 and then Kolkata with 10,500 such households.</p>.<p>The percentage of Indian millionaires using e-wallets or UPI as their preferred payment method doubled to 36 per cent this year, as per Hurun’s Luxury Consumer Survey 2021.</p>.<p>The report also revealed that around 33 per cent of High Net-worth Individuals (HNI) have been following risk-averse investment philosophy against the 18 per cent last year. The survey also indicated a fall in the happiness index with 66 per cent indicating that they are happy with their personal and professional life, compared to 72 per cent in 2020.</p>.<p><strong>Watch the latest DH Videos here:</strong></p>
<p>India’s rich families have grown by 11 per cent in 2021 with as many as 4,58,000 dollar-millionaire households recording a net worth of at least Rs 7 crore, as per Hurun India’s Wealth Report 2021.</p>.<p>The report comes a month after Oxfam, in its inequality report titled ‘Inequality Kills: India Supplement 2022’, reported that since 2015, more and more of India’s wealth has gone to its richest 1 per cent.</p>.<p>The Hurun report expects the number of dollar-millionaire households to rise by 30 per cent to 6,00,000 in the next five years.</p>.<p>Currently, Mumbai leads the list of cities with the highest number of dollar-millionaire households with 20,300, followed by Delhi with 17,400 and then Kolkata with 10,500 such households.</p>.<p>The percentage of Indian millionaires using e-wallets or UPI as their preferred payment method doubled to 36 per cent this year, as per Hurun’s Luxury Consumer Survey 2021.</p>.<p>The report also revealed that around 33 per cent of High Net-worth Individuals (HNI) have been following risk-averse investment philosophy against the 18 per cent last year. The survey also indicated a fall in the happiness index with 66 per cent indicating that they are happy with their personal and professional life, compared to 72 per cent in 2020.</p>.<p><strong>Watch the latest DH Videos here:</strong></p>