India Adds Millionaires Amid Shrinking Wealth and Deepening Inequality, Report Says

India now has 917,000 US dollar millionaires, with 39,000 added in just one year, according to the UBS Global Wealth Report 2025. This rise in high-net-worth individuals has occurred alongside a fall in average adult wealth, marking a sharp divide between visible gains at the top and economic stagnation across the broader population.