India Wealth Report 2025: Maharashtra leads with 1.78 lakh millionaires; Mumbai tops as ‘Millionaire Capital’

Maharashtra leads India in wealth creation with 1,78,600 millionaire households, a 194% increase since 2021, fueled by a 55% GSDP surge. Mumbai, the “Millionaire Capital,” contributes 1,42,000 of these households. Nationally, millionaire households have risen by 90%, but wealth remains concentrated in the top 10 states and key metropolitan areas.