(Newtradu.com)
In a stunning testament to India’s economic rise, the country has been adding one millionaire household every 30 minutes between 2021 and 2025. That’s not just a statistic—it’s a seismic shift in wealth creation, signaling a new era of prosperity, ambition, and transformation.
The Numbers Behind the Boom
According to the Mercedes-Benz Hurun India Wealth Report 2025, the number of millionaire households—defined as families with a net worth of ₹8.5 crore or more—has nearly doubled in just four years:
- 2021: 4.58 lakh millionaire households
- 2025: 8.71 lakh millionaire households
That’s an addition of over 4 lakh new crorepati families, averaging one every 30 minutes.
Where Are India’s Millionaires?
The surge isn’t limited to traditional metros—it’s sweeping across the country:
- Mumbai: 1.42 lakh millionaire households, making it India’s “Millionaire Capital”
- Delhi: 79,800 households
- Bengaluru: 31,600 households, driven by its booming tech and startup ecosystem
- Other rising hubs include Ahmedabad, Pune, Hyderabad, Chennai, and Kolkata
What’s Fueling This Wealth Explosion?
Several powerful forces are driving this transformation:
- Stock Market Surge: The Nifty index rose nearly 70% from 2021 to 2025
- Gold Prices: More than doubled, crossing ₹1.14 lakh per 10 grams
- Luxury Consumption: High-end brands and experiences are thriving
- Real Estate & Digital Payments: Strong investment returns and financial inclusion
- GDP Growth: Maharashtra’s economy alone grew 55% to ₹40.5 trillion ($480 billion)
The Flip Side: Rising Inequality
While the millionaire count is soaring, the report also highlights a sobering reality:
- Millionaire households make up just 0.31% of all Indian households
- Only 5% of millionaires in 2017 graduated to the ₹100 crore+ bracket
- A mere 0.01% became billionaires
This points to a widening gap between the affluent and the ultra-rich, and raises questions about inclusive growth.
What It Means for India
This millionaire boom is more than just a headline—it’s a reflection of India’s evolving identity:
- A nation of aspiring entrepreneurs, tech innovators, and wealth creators
- A society where luxury and ambition are no longer taboo
- A country poised to redefine global perceptions of affluence and opportunity
As Anas Rahman Junaid, founder of Hurun India, puts it: “India’s wealth creation story is both real and resilient.”