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India’s Richest Prefer to Invest in Real Estate and Gold.

04

Aug

NationGold, Investment, Richest

India’s Richest Prefer to Invest in Real Estate and Gold.

India is a nation with huge disparity in wealth accumulated by individuals. There is huge difference in investment preference of Uber Rich when compared to HNI or middle class. According to the report by Bernstein, 60% of India’s wealthiest citizen’s assets are parked in Real estates and Gold. This Uber Rich segment of India comprises Ultra High Net Worth Individuals (UHNI). It also includes High Net Worth Individuals (HNI) and the affluent class. This group comprises only 1% of Indian households. However, they control 60% of the nation’s total assets. They also control 70% of financial assets. India’s Richest Hold…

Record Growth in India’s Foreign Exchange Reserves

India's foreign exchange reserves have shown a steady increase for the fourth week in a row. This marks a positive development in the country's financial stability. According to data released by the Reserve Bank of India (RBI), reserves rose by $6.596 billion, reaching a total of $665.396 billion for the week ending March 28, 2025. Previous Interventions Had Impacted Growth This sustained rise comes after a period of volatility. During that period, the RBI intervened in currency markets to stabilize the rupee. Earlier, the reserves were witnessing a downward trend due to market interventions and currency revaluation. However, the recent…

Gold Rush in Attock: Pakistan’s Gamble for Economic Revival

The town of Attock is quiet and nestled along the mighty Indus River. An extraordinary discovery there sent ripples through Pakistan’s struggling economy. A government survey had unearthed significant gold reserves, valued at a staggering ₹80,000 crore. For a nation grappling with dwindling foreign reserves and economic instability, this revelation was nothing short of a lifeline. The news spread like wildfire. Miners, investors, and officials scrambled to assess the potential of the newfound treasure. The state-owned National Engineering Services Pakistan (NESPAK) led the charge. Punjab’s Mines and Minerals Department worked alongside them. They were tasked with overseeing the extraction. The…