India added one millionaire household every 30 minutes between 2021–25: Hurun Report

India's economic landscape is seeing a transformation, with the number of millionaire households nearly doubling in just four years. 

According to the Mercedes-Benz Hurun India Wealth Report 2025, the country has added one millionaire household approximately every 30 minutes between 2021 and 2025. This surge shows a broader trend of wealth creation and economic prosperity across the nation.

Millionaire Households Soar to 8.71 Lakh

India is witnessing a sharp rise in wealthy families. The number of households with assets worth over ₹8.5 crore has almost doubled in just four years, from 4.58 lakh in 2021 to 8.71 lakh in 2025. 

While these families make up only a fraction of the population (about 0.31%), the speed at which they are growing highlights how fast the country’s wealth landscape is changing.

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Where the Wealth Is Concentrated

Maharashtra leads the millionaire chart with 1.78 lakh households, a stunning 194% jump since 2021. Mumbai alone accounts for 1.42 lakh of them, making it the country’s wealth capital. 

Delhi comes next with nearly 80,000 millionaire families, followed by Tamil Nadu with 72,600 and Karnataka with 68,800. What’s striking, however, is that smaller cities are also starting to shine. 

Tier II hubs are emerging as new pockets of prosperity, showing that wealth is no longer confined to the big metros.

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What’s Driving the Boom

A mix of factors has fueled this millionaire surge. Stock markets have been on a strong run, with the Nifty rising almost 70% since 2021. Gold prices have more than doubled during the same period, crossing ₹1.14 lakh for 10 grams. 

Add to that the growing appetite for luxury goods, and the result is a sharp rise in wealthy households across the country.

The rapid increase in millionaires shows a turning point in India’s economic journey. More families are moving up the wealth ladder, not just in big cities but across the country. 

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