India's wealth management market seen growing 2.5x to $436 billion by 2034

India's wealth-management market is projected to grow 2.5 times to reach $436 billion by 2034, according to Emkay Wealth Management. The growth is expected to be driven by rising incomes, financialisation of savings, and wider participation in capital markets.

The wealth manager forecasts that small- and micro-cap stocks, global diversification, and customised investment solutions will gain prominence as investor needs become more sophisticated. This reflects a shift toward more nuanced wealth management strategies among Indian investors.