India`s asset, wealth management industry to reach $1.7 trillion by 2030
India’s asset and wealth management industry is projected to reach $1.7 trillion in assets under management by 2030, up from $0.9 trillion in 2024, implying a compound annual growth rate of 11.6 per cent, a report said on Thursday.
The growth in asset and wealth management industry is driven by parallel growth in institutional capital pools and retail financialisation, the report from PwC said.
It further highlighted that India's rapid growth outlook sits within a broader Asia?Pacific rise, in which regional AuM is forecast to climb from $23.2 trillion in 2024 to $34.5 trillion by 2030 at a 6.8 per cent CAGR.
India's pace is faster than the regional average, but converting that headline opportunity into profitable, sustainable AuM will require operating model choices that are specific to the Indian market.
The report highlighted public digital infrastructure, steady regulatory reform and the emergence of GIFT City as contributors to deepening the capital base.
India's path to $1.7 trillion in AWM assets by 2030 reflects a deepening domestic capital base, wider participation in formal financial markets, and the gradual channelling of household savings into long-term investment, said Vivek Prasad, Chief Commercial Officer and Financial Services Leader, PwC in India.
India has 78–80 per cent banked penetration, UPI processes US$2.5 trillion in transactions annually, and there are 1.4 billion Aadhaar digital IDs in circulation.
The disintermediation of bank distribution by discount brokers has contributed to 192 million demat account holders, while monthly SIP inflows exceeding $3 billion translate into around $36 billion of annual equity flow.
Over 40 per cent of new SIPs now originate from Tier 2, 3, and 4 cities, indicating that participation is broadening beyond the metros — though average ticket sizes and product complexity in these segments remain modest.
On the institutional side, the Employees Provident Fund Organisation ($280 billion), the National Pension System (with PFRDA targeting $1 trillion by 2030), and insurance assets ($650 billion) are gradually expanding their equity, alternatives, and global
