Telugu Masala Kathalu-bhookampam

Telugu Masala Kathalu

Balaraman said the firm, which partnered with the Kotak Wealth Management to launch the report, extrapolated available economic data to arrive at the current number of UHNIs, their wealth, as also the estimates going forward.

Even though the rising criticism of the country going the crony capitalist way and questions over wealth creation by the few dominating public discourse, Balaraman said the report did not devote any attention to how the wealth was created.

Of the UHNIs, 150 individuals and another 15-20 companies closely associated with the segment like those selling luxury brands and wealth managers, were interviewed to analyse how the wealth gets allocated to different uses like leisure, travel, investments and philanthropy.