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Wealth management outlook: India’s wealth firms set for over 20% annual growth on HNI surge, says Jefferies; rising attrition & cost pressures flagged as key risks
India's wealth management sector is set for rapid expansion. Jefferies projects over 20% annual growth in the next three years. This growth is fueled by a booming economy and more rich individuals. Firms are targeting the ultra-rich. The advisory model is gaining traction. Competition is increasing. Companies must manage costs and employee retention to maintain growth.
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