Introduction
This report looks at the size and composition of the wealth market in India, analyzing the
opportunities that exist for regional and local players and providing the best strategies for entry.
Competitive dynamics and customer tendencies are analysed, including an insight into the offshore
nature of investors in these markets.
Scope of this report
- Macroeconomic and savings and investment data collected directly from governmental sources such
as the Reserve Bank of India
- Insight into the Indian financial services market obtained through in-depth interviews with the
main wealth managers and private bankers
- Sizing and forecasting of mass affluent and high net worth individuals generated from
Datamonitors proprietary Global Wealth Model
Research and analysis highlights
India is both attracting foreign wealth managers to set up business and domestic banks to set up
wealth management businesses. Going forward this is a trend that is likely to continue, with Indias
key advantages attracting more and more competitors.
The attractiveness of Mumbai as a location for banks is backed up by the figures on deposits held
by foreign banks in India. Of the total value of deposits held by foreign banks USD16bn 49.2% is in
Maharashtra and all of this is in urban/metropolitan areas of which Mumbai is a large part.
In the view of many in the industry there is a challenge of client education that must be
addressed going forward. The primary area of concern is in equity investment and the need to invest
long-term rather than short-term. This is not a problem that is confined to India, many other
countries around the globe have similar problems.
Key reasons to read this report
- This report forecasts the market to 2008, allowing you to plan strategies on the basis of
detailed market information
- Allows wealth managers to monitor threats and opportunities posed by their main competition
- Helps plan products and services by giving key information on customers financial services
preferences
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