India's Richest

91% of India's adult population has wealth below Rs 730,000 (less than $10,000)

"However, the country's high wealth inequality and immense population mean that India also has a significant number of members in the top wealth echelons,” says Credit Suisse Global Wealth Report 2018.

The mean wealth in India is estimated at $7,020 per adult, while the median wealth is even lower at $1,289 per adult. 

An Oxfam report earlier this year had said 73 per cent of the wealth generated last year went to the richest 1 per cent, while 670 million Indians who comprise the poorest half of the population saw 1 per cent increase in their wealth.

According to Credit Suisse, around 90 per cent of India’s household assets comprise property and other non-financial items. Therefore, the house price movement is considered to be the proxy for India’s wealth growth.

By 2023, India’s wealth is projected to grow at 8 per cent a year to $8.8 trillion. The number of millionaires in India is estimated to grow at a slightly faster pace of 9 per cent per annum to 526,000 in the next five years.

In the past 12 months, the number of millionaires in India grew by 7,300 to 343,000 who are collectively worth around $6 trillion.

https://www.business-standard.com/article/economy-policy/india-s-millionaires-now-worth-6-trn-7-300-new-names-in-rich-club-report-118101800446_1.html