Are Indian Entrepreneurs Leading the Way in Luxury Lifestyle Adoption?

Synopsis
Key Takeaways
- 95 percent of Indian entrepreneurs expect wealth growth.
- 56 percent foresee substantial wealth increases.
- Higher investments in luxury lifestyles compared to global peers.
- Majority hold multi-residency status for global mobility.
- Key motivations for relocation include quality of life and business expansion.
New Delhi, Sep 29 (NationPress) In contrast to their global peers, entrepreneurs in India display a remarkably optimistic view regarding their personal wealth, with 95 percent foreseeing an increase in their financial standing over the next few years, as highlighted in a report released on Monday.
Among these entrepreneurs, 56 percent anticipate a substantial rise in their wealth, while 39 percent expect moderate growth.
The affluent business owners in India are channeling their resources into a lavish lifestyle, driven by their positive mindset and a broader global perspective, enabling them to explore opportunities across borders. This insight is drawn from research conducted by HSBC Private Bank.
The 'Global Entrepreneurial Wealth Report 2025' by HSBC indicates that allocations for personal use in real estate (broadly at 64 percent), health and wellness (at 61 percent), and luxury experiences (at 59 percent) are significantly greater among Indian entrepreneurs compared to their international counterparts.
“Their expenditures on luxury lifestyles, global mobility, and diversified assets not only reflect confidence in their wealth trajectory but also indicate their preparedness to seize emerging global opportunities as international wealth corridors evolve in this new phase of globalization,” stated Sandeep Batra, Head of International Wealth and Premier Banking at HSBC India.
This sense of optimism is especially evident in markets such as the UK, UAE, India, and Singapore. Key factors fueling this positivity in India include new investment and venture opportunities (64 percent), strong investment portfolio performances (56 percent), a favorable economic outlook for the local market (54 percent), and positive business outcomes (43 percent).
The report also highlights that Indian entrepreneurs possess a distinctly global outlook, with 73 percent holding multi-residency status, far exceeding the global average of 56 percent. A significant majority are open to relocating abroad, with the UK and US being the most favored destinations, followed closely by Switzerland, UAE, and Singapore.
Among those entrepreneurs contemplating a move, the key motivations for international relocation include seeking a better quality of life for themselves and their families (78 percent), access to new investment avenues (75 percent), and business expansion into new markets (71 percent).