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Tier II Cities Emerge as New Wealth Hubs in India, 5 Points

ЁЯЪА India Adds 1 Millionaire Household Every 30 Minutes (2021тАУ2025)

1. Wealth Boom in India

  1. Between 2021тАУ2025, India added one millionaire household every 30 minutes.

  2. This trend reflects accelerated wealth creation and a shift in IndiaтАЩs economic landscape.


2. Millionaire Households Nearly Doubled

  1. Households with assets over тВ╣8.5 crore surged from:

    • 4.58 lakh (2021) тЮЭ 8.71 lakh (2025)

  2. Growth Rate: 90% jump in just 4 years.

  3. Share of population: Only 0.31%, but expanding fast.


3. Where the Millionaires Live

  1. Maharashtra leads with 1.78 lakh households (+194% since 2021).

    • Mumbai alone: 1.42 lakh, solidifying its status as IndiaтАЩs wealth capital.

  2. Delhi NCR: ~80,000 households.

  3. Tamil Nadu: 72,600 households.

  4. Karnataka: 68,800 households.

  5. Tier II cities emerging as new prosperity hubs, signaling decentralization of wealth.


4. WhatтАЩs Driving IndiaтАЩs Millionaire Surge?

  1. Stock Market Boom:

    • Nifty up 70% (2021тАУ2025).

  2. Gold Rally:

    • Prices more than doubled; now at тВ╣1.14 lakh per 10 grams.

  3. Luxury Consumption:

    • Rising appetite for premium cars, luxury goods, and high-end real estate.


5. Economic Turning Point

  1. The rapid millionaire growth signals a new wealth era for India.

  2. Prosperity is not limited to metros тАФ smaller cities are also climbing the wealth ladder.

  3. India is on its way to becoming a global hub of ultra-rich households.


ЁЯУК Quick Stats Recap

  • 8.71 lakh millionaire households (2025).

  • 1 household every 30 minutes added since 2021.

  • Maharashtra: 1.78 lakh (Mumbai: 1.42 lakh).

  • Delhi NCR: 80k, Tamil Nadu: 72.6k, Karnataka: 68.8k.

  • Nifty up 70% | Gold >тВ╣1.14 lakh/10g.


тЪая╕П Disclaimer тАУ The Profit India

The information in this article is based on the Mercedes-Benz Hurun India Wealth Report 2025. It is intended for educational and informational purposes only. The Profit India does not provide financial, investment, or wealth advisory services. Readers are advised to consult certified financial experts before making investment or business decisions.


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