Summary:

With assets under management expected to increase from Rs. 84.81 lakh crore in 2024 to Rs. 160.19 lakh crore by 2030, the asset and wealth management sector in India is expected to nearly treble. Between 2024 and 2030, it is predicted to increase at a CAGR of 11.6%, surpassing AsiaPacific's 6.8% growth. Institutional capital, retail involvement, regulatory changes, digital infrastructure, and GIFT City's rise to prominence as a global financial center are the main drivers of growth. These elements direct household savings into long-term investments and strengthen capital markets. India's financialisation is bolstered by the country's 80% bank account penetration rate and growing UPI digital payments. With increasing demat accounts, SIP inflows, and institutional funds from EPFO and insurance, UPI processes Rs. 235.58 lakh crore yearly.

Source: IBEF

Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.