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.

As India's economy expands and affluence deepens, its wealth management industry is entering a new phase of growth.

Where are India's millionaires investing? Experts discuss at BFSI event | BFSI Summit 2025

The private refiner will delay planned works and the closure of its 400,000 barrels-a-day complex from February until April 2026, according to people familiar with the matter

Bloomberg

While Vietnam remains the company's main global manufacturing hub, Samsung's Southwest Asia President JB Park said India could see more investment if demand rises naturally

Business Standard

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The Union Budget 2026 needs to focus on widening the direct tax base, incentivising private sector investment and freezing peak direct tax rates to further accelerate growth and generate employment opportunities, a report said.
Recent reforms under GST 2.0 have demonstrated that simplification and tax moderation can coexist with strong revenue growth, challenging the long-held belief that higher tax rates are necessary to boost collections, a report titled 'Shaping India's New Taxation Ideology: Simplification, Moderation and Growth' said.
"As India approaches the Union Budget, the choices made will determine whether taxation becomes a catalyst for long-term economic expansion or a constraint on ambition," the report released by a think tank Think Change Forum (TCF) on Wednesday said.
The report outlines a six-point advisory for policymakers, urging them to extend the principles of GST reform to direct taxes, enforcement and investment policy
At the core of the advisory is a push f

The report outlines a six-point advisory for policymakers, urging them to extend the principles of GST reform to direct taxes, enforcement and investment policy

Press Trust of India

EY's Economy Watch report said the FY27 Union Budget may focus on boosting domestic demand to sustain growth, complement RBI rate cuts, and offset the negative contribution from net exports

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Where are India's millionaires investing? Experts discuss at BFSI event | BFSI Summit 2025

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