Mercedes-Benz Hurun India Wealth 2025 is out. It emphasizes the significant increase in Indian millionaire households, almost 200%. In addition, 83% of respondents remain convinced of India growth over the next three years.
Massive growth shows strong creation of wealth along with GDP growth, Sensex rise and new billionaires. India now has 8,71,700 millionaires of households with net fortune £8.5 crore ($ 1 million), almost twice the number 2021 in the amount of 4,58,000. They represent 0.31% of all households.
In 2017–2025, households in millions of dollars increased by $ 45%. According to the Mercedes-Benz Hurun Hurun Hurun Hurun Hurun Hurun Hurun Hurun India 2025, only a small share moved to ultra-rich categories.
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The Nifty 50 Index increased by almost 70%between 2021 and 2025, while gold prices almost doubled in the same period. HDFC has appeared as the most advantageous private bank in India and Citibank led internationally.
Shares, real estate and gold remain popular investments. UPIs overtaken cards and cash in luxury transactions.
Investments show a conservative shift, according to the Mercedes-Benz Hurun India Wealth 2025. Approximately 29% actively manages it, but only 17% risks, while 31% remain cautious. The US remains the highest overseas investment elections, followed by SAE.
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Maharashtra leads with 1,78,600 millionaires, powered by 1,42,000 bombai. The state saw 194% growth since 2021, with its GSDP grew by 55% on £40.5 lakh crore ($ 480 billion). Delhi and Tamil Nadu also recorded significant growth.
Mumbai became an Indian “millionaire capital” with 1,42,000 such families, followed by a new Delhi with 68,200 and Bengaluru with 31,600.
Together, the 10 best countries are 79% of the nation’s millionaires. This growth has been supported by profits in technology, finance and industry as well as strong markets.
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According to a report of the richest cities in the world 2025, published in June, Bengalur has placed 3 in the last decade with a 120% millionaire. Delhi and Mumbai also showed strong profits, with 82% and 69% growth, to 14 and 18.
How rich Indians see money
The Mercedes-Benz Hurun India Luxury Consumer Survey 2025 also shows how rich Indians see money and expenses. For financial freedom 27% stated £50 crore is enough, 25% have chosen £10 crore and 20% set it to £200 crore.
Approximately 60% of households spend less than £1 Crore per year, most of them are involved in tourism, education and entertainment. As regards social responsibility, 30%sees paying taxes as the most important, followed by environmental causes (20%) and charity (17%).
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