Hurun India Wealth Report 2025: Surge in Millionaire Households Across India

According to the Hurun India Wealth Report 2025, the number of wealthy households in India has seen a remarkable rise. Over the past four years, one new millionaire household has joined the club every 30 minutes. In other words, every half hour, one Indian family’s net worth has crossed $1 million (around ₹8.5 crore).

Rising Count of Millionaire Families
In 2021, India had 4.58 lakh millionaire households (net worth of ₹8.5 crore or more). By 2025, this number surged to 8.71 lakh — an increase of nearly 90% in just four years. If this pace continues, the country could see the number reach 20 lakh households within the next decade.

Cities and States Leading the Wealth Chart
Mumbai remains India’s “Millionaire Capital” with over 1.42 lakh wealthy families. Delhi follows with 68,200 millionaire households, while Bengaluru ranks third with 31,600.
At the state level, Maharashtra tops the list with 1.78 lakh millionaire families, followed by Delhi, Karnataka, and Tamil Nadu.

Key Drivers of Wealth Growth
The report attributes this surge to India’s GDP growth and strong financial markets. Continuous gains in the stock market, growth in digital payments, and rising real estate investments have all contributed to the sharp rise in millionaire households.

How Wealth is Measured
The calculation of millionaire wealth includes bank balances, equities, real estate, jewelry, and business assets, after deducting liabilities. Families with a minimum net worth of ₹8.5 crore are classified as millionaires, while those with a net worth of over $1 billion (around ₹8,300 crore) fall into the billionaire category.