Answer: Yes, India has seen a huge growth in wealth as its economy continues to expand and that has led to a surge in family offices in India. The number of high-net-worth individuals (HNWs) has grown impressively leading to a similar rise in Multi-Family Offices. India had the second-highest increase in high net worth individuals in 2006 and 2008. India now has an estimated 84,000 families with net assets of at least $1 million (roughly Rs 5 crore). Family offices have emerged as a helpful way to manage that wealth. In the coming years, family offices will continue to grow in India along with its economy.
To provide more information to those looking to learn more about family offices in India, we have put together a guide to family offices in India. You can view this free guide to India family offices here.
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