Millionaire households to grow 143% this decade

The number of millionaire households in India will grow from 2.86 lakh to 6.94 lakh between 2011 and 2020, a growth rate of 143 per cent, said a study by the Deloitte Center for Financial Services. The growth in millionaire wealth in India is expected to vary across different wealth groups. The $5-30 million group in India is likely to see the biggest growth rate at 161 per cent, followed by the $1-5 million group at 142 per cent and the over $30 million group at 115 per cent

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