Quoting from a report by a consultancy, it said India has 263,000 high networth individuals HNIs, representing about USD 1 trillion in wealth, while there are 16 million India-born people living outside.
"What we are witnessing is just the tip of the iceberg. Ultra high networth (UNHW) families, in general, think of wealth in a borderless way," Jyrki Rauhio, the south Asia head for Citi Private Bank, said.
On the diaspora end, the bank said Indian UNHW families are concentrated in Southeast Asia, Hong Kong, Australasia, the Gulf region, East Africa, the United Kingdom, the United States and Canada, where it has offices.
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