India's Billionaire Boom: A Third of GDP in Wealth

The cumulative wealth of India's 284 billionaires equals a third of the country's GDP. Gautam Adani led global wealth gains, while Mukesh Ambani remains Asia's richest despite a wealth drop. India's billionaires average older than global peers, with a significant presence in healthcare.

India's billionaire class wields significant financial clout, with their combined wealth now accounting for one-third of the nation's GDP, according to a recent report.

The report highlights Gautam Adani's staggering Rs 1 lakh crore increase in wealth, despite previous setbacks, making him the top wealth gainer globally. In contrast, Mukesh Ambani's fortunes dipped by 13%, although he remains Asia's richest individual.

The data indicates an upward trend in wealth concentration among India's ultra-rich, with notable growth in sectors like healthcare, consumer goods, and industrial products. Young billionaires like Shashank Kumar and Harshil Mathur are also emerging on the scene, representing the changing demographics of wealth accumulation.

(With inputs from agencies.)