India Projected to Add Over $2 Trillion in Wealth by 2030: Report Suggests

India Set to Add $2 Trillion in Financial Wealth by 2030, Emerging Markets Lead Global Growth

India's economy is expected to continue its rapid ascent, with Boston Consulting Group's (BCG) Global Wealth Report 2026 predicting the country will add more than $2 trillion in financial wealth by 2030. This is the largest among emerging markets, with financial wealth rising 10.7% in 2025 to reach a record $333 trillion, the fastest pace since 2021. Including real assets, net global wealth stood at $550 trillion.

While mature markets continue to dominate in absolute terms, emerging economies are driving a structural shift. Excluding China, emerging markets are expected to contribute roughly 10% of global financial wealth growth through 2030, adding approximately $12 trillion in total. India leads this pack, followed by Brazil (nearly $1 trillion) and Mexico ($600 billion). The affluent and emerging high net worth (HNW) segment is forecast to grow at an average of 8% annually across these markets, creating over one million new dollar millionaires by 2030.

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The report highlights a critical gap: this fast-growing segment is among the least well-served in the industry. Most clients in this bracket still hold the bulk of their wealth in low-yield bank deposits, with limited access to sophisticated advisory and investment products.

The report reveals a widening divide between regions, with Asia-Pacific (excluding China) seeing financial wealth grow 9.2% in 2025, while China posted 15% growth. Western Europe delivered a surprise 15.3% jump, while North America grew a steadier 7.4%. Cross-border wealth also expanded, rising 8.4% to $15.7 trillion. For the first time, Hong Kong narrowly overtook Switzerland as the world's largest cross-border booking center, both reaching $2.9 trillion. Singapore ranked third, solidifying Asia's growing influence in global wealth flows.

A defining theme of the report is Asia's first large-scale intergenerational wealth transfer. In countries like Singapore, Malaysia, Indonesia, and Thailand, 40-50% of major family businesses are still under founder leadership, with median ages above 70. The report described succession as no longer a simple inheritance issue but a complex "design problem" involving governance, ownership structures, and next-generation readiness.

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Artificial intelligence (AI) is already drafting financial plans, automating compliance, generating portfolio rationales, and enabling personalized client servicing at scale. Firms adopting an AI-first approach are seeing significant gains: 25-30% capacity unlock for advisors, improved conversion rates, higher revenue per advisor, and better client experiences.

Wealth managers face a stark choice: layer AI onto existing processes or fundamentally redesign operations around it. Those that succeed will be able to serve broader client segments profitably, including the affluent tier in emerging markets.

The "Great Reordering" described in the report signals profound changes in where wealth is created, who holds it, and how it will be managed. Booking centers that can straddle both Asian and Western wealth flows are expected to gain a structural edge. For India specifically, the report presents a rare window of opportunity. Retail banks, which control the vast majority of deposits and client relationships, are best positioned to capture the affluent segment. Provided they redesign incentives, build proper advisory capabilities, and invest seriously in digital wealth platforms.