India Family Office

India Family Office

India is one of the strongest emerging economies in the world with a fast-growing population and has averaged growth of 7% since 1997.  Along with China, India is often seen as a country that will grow dramatically in the coming years and generate a vast amount of wealth.  This growth makes many think that it will become an even larger family office hub in the next decade.

The following free Guide to India Family Offices will help you better understand the India family office and provide you with resources to learn more about India.  You should also check out our 100% free book on family offices.

Introduction to India

If there was any wonder that India has joined ranks of other economic powerhouses around the world, the country has the 10th  largest economy in the world in terms of nominal GDP and the 4th largest by purchasing power parity.

The CIA provides a good summary of India’s recent transformation to embrace free markets and its fast recovery from the global financial crisis.

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country’s growth, which has averaged more than 7% per year since 1997.

India’s diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India’s output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis – in large part because of strong domestic demand – and growth exceeded 8% year-on-year in real terms.

Why India?

It seems that not a day passes without a headline forecasting India’s future economic growth.  Already there is a fast-increasing number of high-net-worth individuals and wealthy families.  With the economic growth will certainly come a boost in invesible capital among India’s wealthy.  India’s growth potential has also attracted a great deal of foreign investments that will help expand businesses and likely boost the economy further.  This makes India an ideal prospect for family offices and wealth management firms.

Family Offices in India

The number of high-net-worth individuals (HNWs) has grown impressively leading to a similar rise in Multi-Family Offices. India had the second-highest increase in high net worth individuals in 2006 and 2008. India now has an estimated 84,000 families with net assets of at least $1 million (roughly Rs 5 crore). Family offices have emerged as a helpful way to manage that wealth.  In the coming years, family offices will continue to grow in India along with its economy.

India Family Office Resources Guide


India Family Office Resource #1: This article was written about the problems facing India’s wealthy families and individuals.

India Family Office Resource #2: This article explains how Family Offices Gain Popularity Among India’s High Net Worth Individuals

India Family Office Resource #3: Here is a guide to family offices in Asia.

India Family Office Resource #4: If you are looking for contact details of family offices places such as India you may want to consider using a Family Offices Database.  A Family Office Database provides you with the complete contact details for 100’s or sometimes even up to 1,000 global single and multi-family offices within an easy to use Excel spreadsheet format.  Learn more about this by clicking here.

India Family Office Resource #5:  Client Associates is India’s first family office firm.  Learn more.

India Family Office Resource #6:  This article explores the trend of more and more family offices opening up in India.

India Family Office Resource #7:This news story covers Axis Bank’s plans to set up a family office in India.

India Family Office Resource #8: Money Managers Who Keep It All in the Family

India Family Office Resource #9: This is a remarkable study: A study by Karvy Private Wealth says that a staggering $125 Billion ( 6,00,000 crore) of wealth will come up for transfer in the next few years, implying a huge business opportunity for companies in multi-office family practice.

Are you an employee or manager of a family office in India?  Then we’d like to keep in touch with you.  Simply send us an email at Richard@RichardWilsonCapital.com

Be sure to check out FamilyOffices.com for our family office database and our free book on family offices.

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Tags: India Family office, India Family offices, India family offices guide, guide to India family offices, family offices in India, India finance, India wealth management

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