Abstract
Overview
Introduction
Penetrating the Indian Wealth Market is Datamonitor's definitive guide to the
wealth management landscape in India. Building on the resources and expertise
of Datamonitor's Global Wealth Service team, the report is data-rich, and
provides in-depth and impartial market assessment and market forecasts for the
affluent market.
Scope
- Looks at the onshore liquid wealth of mass affluent and high net worth
individuals in India and in India's largest and most affluent states.
- Offers access to key statistics providing a clear picture of the scale,
composition and direction of the developing landscape on a regional basis.
- Guide to the wealth management landscape in India. Building on the
resources and expertise of Datamonitor's Global Wealth Service team
Report Highlights
There is no doubt the Indian economy is growing strongly, but it is also well
developed in comparison to many of its Asian neighbors. In particular in
comparison to China, with its economy still heavily reliant on labor-intensive
manufacturing, India is better developed.
India's major stock exchange have seen strong growth in recent times. The
domestic market capitalizations of the two largest exchanges have grown by
more than 500% since the beginning of 2003. This stands in contrast toChina
where domestic markets are underdeveloped and have been on a steady downward
trend over the last few years.
While Maharashtra is home to the largest number of affluent individuals of any
state in India and also the fastest growing affluent population, it is Delhi
that has by far the highest proportion of affluent individuals.
Reasons to Purchase
- Find out which states and cities are attractive to wealth managers and why
this is so.
- Assess the relative wealth in each of India's seven key states.
- Find out why India is an attractive market and its advantages over other
emerging economies.
Table of Contents
- CHAPTER 1 EXECUTIVE SUMMARY
- Introduction
- What is this report about?
- Who is the target reader?
- The market opportunity
- The Indian market looks to be attractive for wealth management
- Economic conditions have been favourable over the last decade
- The potential wealthy population is large and growing fast
- The wealth management market is still in its early stages
- Only in the last 12 months have many competitors begun to show any
major interest in the market
- The investment/ banking environment is still developing
- Customer attitudes to investment are changing, which will help
competitors
- A regional focus
- Wealth differs considerably by region
- There are four major states with wealth management potential
- There are three further states with good potential
- And other states and cities that could merit attention
- Future decoded
- The wealth management opportunity will continue to grow
- Macroeconomic growth will continue
- Wealthy individuals will continue to prosper
- CHAPTER 2 INTRODUCTION
- What is this report about?
- Who is the target reader?
- How to use this report
- CHAPTER 3 THE MARKET OPPORTUNITY
- The Indian market looks to be attractive for wealth management
- Economic conditions have been favourable over the last decade
- Historic growth levels have been high
- The Indian economy is more developed than many of its Asian
counterparts
- The potential wealthy population is large
- The total population pool is massive by global comparisons
- The number of individuals with more than USD100,000 is growing
rapidly
- Average affluence of the wealthy population has increased
- The wealth management market is still in its early stages
- Only in the last 12 months have many competitors begun to show any
major interest in the market
- Foreign players remain restricted in their acquisitions of Indian
banks
- Branch networks are not easily expanded
- Interest levels are at an all-time high
- The number of opportunities is decreasing
- The investment/ banking environment is still developing
- Restrictions on wealth management and banking products
- Limited offshore investment is permitted
- The domestic investment markets are developing
- Customer attitudes to investment are changing, which will help
competitors
- Mutual funds and equities are growing in popularity
- CHAPTER 4 A REGIONAL FOCUS
- Wealth managers need to approach India from a regional perspective
- Wealth differs considerably by region
- National inequality exists
- And regional inequality is very noticeable
- There are four major states with wealth management potential
- Each state has its own attractions
- Savings have grown rapidly in these states
- And total affluent liquid assets have grown considerably
- There are three further states with good potential
- They compare favourably with the four primary states
- West Bengal is relatively under-banked
- Chandigarh has the highest GDP per capita
- Andhra Pradesh benefits from business opportunities
- And other states and cities that could merit attention
- CHAPTER 5 FUTURE DECODED
- The wealth management opportunity will continue to grow
- Macroeconomic growth will continue
- Wealthy individuals will continue to prosper
- Liquid assets will grow at a rate of 11.5% compounded annually over
the 2005-2009 period
- The number of wealthy individuals will reach 1.1 million by the end
of 2009
- CHAPTER 6 APPENDIX
- Data
- Definitions
- AAGR
- CAGR
- Gini index
- Liquid assets
- Liquid asset bands
- Research methodology
- The Global Wealth Model
- The UK sub model
- Asia-Pacific sub model
- Forecasting methodology
- Bespoke Wealth Market Sizing
- Further reading
- Asia-Pacific contacts
- List of Tables
- Table 1: Underlying macroeconomic factors in India, 2005-2009
- Table 2: Real Indian GDP growth over the 1996-2006 period
- Table 3: GDP - value added of industry sectors, 2004
- Table 4: Value of liquid assets owned by Indian affluent individuals,
2001-2005e
- Table 5: Number of Indian affluent individuals, 2001-2005e
- Table 6: Share of affluent liquid assets and affluent individuals by
asset band, 2005e
- Table 7: Average savings deposits per capita and GDP per capita by
state, 2005
- Table 8: Value of retail deposits and growth over the 2001-2005 period
by state
- Table 9: Wealth market comparison by state, 2005
- Table 10: Wealthy population and its growth, comparison by state, 2005
- Table 11: Liquid assets owned by Indian affluent individuals,
2005e-2009f
- Table 12: Number of Indian affluent individuals, 2005e-2009f
- Table 13: Wealth markets that have been modeled using the Global
Wealth Model
- List of Figures
- Figure 1: Total deposits across the four major states have grown
rapidly in recent years
- Figure 2: Methodology diagram and report structure
- Figure 3: India's real GDP growth has averaged 8.4% over the last 6
years
- Figure 4: India's services sector is more developed than many of its
Asian counterparts and developing economies
- Figure 5: India's wealthy population has increased in size rapidly
over the last four years
- Figure 6: The more affluent the individuals, the larger the share of
wealth they own
- Figure 7: The two major stock markets have seen strong growth in
market capitalization over the last few years, especially when compared to
the Shanghai and Shenzhen exchanges
- Figure 8: Indian deposit rates have fallen dramatically in recent years
- Figure 9: Average savings per capita and GSDP per capita vary
dramatically by state
- Figure 10: Total deposits across the four states have grown rapidly in
recent years
- Figure 11: Total retail liquid assets of the four states have grown
rapidly at rates in excess of 30% compounded annually over the 2001-2005
period
- Figure 12: While Maharashtra is home to the largest number of affluent
individuals and also the fastest growing affluent population, Delhi has by
far the highest proportion of affluent individuals
- Figure 13: It is Delhi's affluent population that has grown most
rapidly over the 2001-2005 period
- Figure 14: Chandigarh - being a Union Territory and predominantly
metropolitan has a high proportion of affluent individuals compared to
West Bengal and Andhra Pradesh
- Figure 15: Liquid wealth of affluent individuals will grow strongly
over the 2005-2009 period
- Figure 16: Wealthy individuals will grow in number at an average rate
of 13.8% over the 2005-2009 period
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