Millionaire Indian households jump 90% to 8.7 lakh, Mumbai leads: Report

India's millionaire households with net worth over ₹8.5 crore surged 90% in number to 8.71 lakh in 2025, up from 4.58 lakh in 2021, a report said on Thursday. 

Mumbai is the country’s “millionaire capital” with 1.42 lakh wealthy households, followed by Delhi with 68,200 and Bengaluru with 31,600, said a report jointly authored by Mercedes-Benz and Hurun India. 

Maharashtra leads states with 1.78 lakh millionaire families, backed by a 55% jump in Gross State Domestic Product (GSDP).

The MBHX, a composite measure of Mercedes-Benz sales, new billionaire entrants, Sensex performance, and GDP, has surged nearly 200%, signalling resilient wealth creation despite global uncertainties, the report noted.

The survey revealed that millionaire Indians prefer digital payments, with 35% using UPI apps, and view stocks, real estate, and gold as their main investment options.

A recent survey showed that India's high-net-worth (HNW) families can help the country become a $5 trillion economy by utilising their capital for social impact using impact investing and blended financing techniques.

Many HNW families continue to operate in silos and exhibit low retention in impact investing, the report from wealth advisory firm Waterfield Advisors and NPO organisation Impact Investors Council (IIC) said.

Of the 316 HNW families who entered impact investing in 2021, just 64 remain active in 2024, the report said. Recent surveys showed that the top 1% of India's wealthiest citizens have parked 60% of their money in real estate and gold

This segment holds $11.6 trillion in total wealth and 70% of India's financial assets, the report said. India’s total household wealth is estimated at $19.6 trillion, out of which $11.6 trillion, or 59%, is held by this wealthy segment of the population.

The country’s economy continued its strong momentum in the first quarter of 2025-26 (Q1 FY26), with GDP growing 7.8% compared to 6.5% in the same period last year.

(This story was taken from syndicated feed and was only edited for style by Gujarat Samachar Digital team)