Why is India's Ultra-Rich Population Rapidly Increasing? A 50% Rise Expected by 2028

The Rapidly Growing Ultra-Wealthy Population in India

According to a report, the number of ultra-wealthy individuals in India is expected to increase by 50% by 2028. This growth rate is attracting attention as the fastest in the world. The growth of the Indian economy and the increasing demand for luxury real estate in urban areas are behind this trend.

Comparison with Japan: Insights from the Bubble Era

Japan experienced a bubble economy from the late 1980s to the early 1990s, but the expansion of India's wealthy class is progressing at an even faster pace. During Japan's bubble period, there was a boom in investments in luxury real estate and branded goods, while in India, the emergence of new luxury shopping malls is supporting this demand.

Implications for Japan

The rapid increase in India's wealthy population could present significant business opportunities for Japanese companies. There is particular potential for entry into the luxury goods market, real estate investment, and financial services. However, attention must also be paid to the social issue of widening wealth disparity.

The impact of the growing wealthy population in India could lead to changes not only in economic terms but also across society as a whole. For Japan, it is important to learn from India's rapid growth while seeking new business opportunities.