Stocks are the top investment choice for wealthy Indians

A new report by Knight Frank shows that stocks are the top investment choice for India's next-generation high-net-worth individuals (HNWIs), with 23% prioritizing them. Cash and property follow closely at 22% and 21%, respectively. The report indicates that interest in cryptocurrencies is low, with only 5% of Indian HNWIs considering them a key investment. Globally, this figure is slightly higher at 9%. Bonds attract 8% of young wealthy Indians. Additionally, 46.5% of next-gen HNWIs in India aspire to own luxury cars, making them the most desired asset. Luxury real estate and art collections also rank high among their investment interests.