Rich Indian biz owners spend more on realty, luxury goods than global peers

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Rich Indian biz owners spend more on realty, luxury goods than global peers - Business Standard

Quick Summary:

56% Indian entrepreneurs are likely to spend money on luxury goods and 44% on luxury experiences, compared to a global average of 40% and 35%, respectively.

More than eight out of ten (82%) of India’s rich business owners are investing in stocks, bonds and real estate – the highest percentage amongst business owners in ten international markets, the report reveals.

Besides focusing on investment and spending, Indian entrepreneurs value connections, networks, mentorship and seek to make a positive contribution to society," said Sandeep Batra, Head of Wealth and Personal Banking, HSBC India.