India is witnessing a monumental shift in how its wealthiest citizens allocate their capital. According to a new report by Bernstein, as cited by ANI, around 60 percent of India’s wealthiest citizens’ assets are now parked in real estate and gold. This elite group—termed the ‘Uber Rich’—includes Ultra High Net Worth Individuals (UHNI), High Net Worth Individuals (HNI), and the Affluent class. Although they make up just 1 percent of Indian households, the Uber Rich control nearly 60 percent of the country’s total assets and a staggering 70 percent of its financial wealth. Out of India’s estimated $19.6 trillion in…
