Sidhartha Shukla

moneycontrol.com



Despite global whirlwinds in FY16, India stood tall as one of the strongest economies in the world, because of robust gross domestic product (GDP) growth and reduction in both inflation and current-account deficit.

This translated into improved ultra-HNI sentiment, which is reflected in their increased spends and investments.



Below is a snapshot of how the ultra rich conducted their monetary affairs last year. (Data source: Kotak report).