New Delhi, April 23 -- India's ultra-high-net-worth population is forecast to rise from 19,877 today to 25,217 by 2031, up by 26.9 per cent.

"This trajectory mirrors India's economic evolution: an entrepreneurial economy maturing into one with deeper capital pools, more sophisticated financial markets, and a growing cohort of globally connected founders and investors," according to a Knight Frank Wealth report.

A high-net-worth individual (HNWI) is someone with a net worth of USD 1 million or more, whereas an ultra-high-net-worth individual (UHNWI) is someone with a net worth of USD 30 million or more.

The report revealed an active pace of global wealth creation. The Knight Frank Wealth Sizing Model showed that 89 people crossed the US...