‘Dollar assets gain favour among India’s wealthy as Rupee depreciates’

Wealthy Indians are increasingly diversifying into dollar-denominated assets, with GIFT City emerging as a preferred route to hedge against rupee depreciation. While equities remain popular, real assets, boosted by AIFs, REITs, and InvITs, form the largest investment bucket. Despite global headwinds, HNIs and UHNIs remain bullish on India’s growth, though GDP growth expectations have moderated.