New Delhi: Global household wealth reached record levels in 2024, but India stood out as one of the fastest-growing markets in terms of wealth generation, as per the Allianz Global Wealth Report 2025. The study, covering nearly 60 countries, revealed that Indian households’ financial assets expanded 14.5 percent in 2024, recording the sharpest surge in eight years, while underscoring the growing strength of the country’s middle class.

Drivers of Growth

In Indian households, securities were the main engine surging 28.7 percent in the last year, followed by insurance and pensions at 19.7 percent. Bank deposits are still accounting for 54 percent of Indian household portfolios, grew 8.7 percent holding its dominant position in investment and wealth portfolio. Indian household’s financial a

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