India’s ultra-wealthy population is expanding at a pace that’s hard to ignore. The country now has 19,877 ultra-high-net-worth individuals (UHNWIs) in 2026 — those with assets exceeding $30 million (Rs 283 crore or more) — and that number is projected to jump 27% to 25,217 by 2031, according to the Knight Frank Wealth Report 2026. London-based Knight Frank is the world’s largest privately owned real estate consultancy. In just five years, India’s UHNWI base has surged 63.4%, pushing it to sixth place globally and raising its share of the world’s ultra-rich to 2.8%.