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As India’s economy expands and affluence deepens, its wealth management industry is entering a new phase of growth. The number of high-net-worth individuals (HNIs) and ultra-high-net-worth individuals (UHNIs) is rising at a pace unmatched by previous decades, reflecting both the country’s maturing markets and a broader appetite for diversified investments, said wealth managers at the Business Standard BFSI Insight Summit 2025 in Mumbai today.