The alternative assets market in India, currently estimated to be at $400 billion assets under management, is projected to grow five times to $2 trillion by 2034, according to Avendus Capital in its report published in December 2024, India Goes Alternatives, which underscores the significant growth potential of alternative assets in India, as the country’s burgeoning high-net-worth individuals (HNIs) continue to pivot toward alternative assets.
This surge will be driven by increasing investor sophistication, the need for portfolio diversification, and supportive regulatory developments.
“The emergence of alternative investments in India marks a fundamental shift in our investment landscape,” said Anshul Agarwal, managing director and co-head, consumer, FIG and business services investment banking, Avendus Capital. “With the domestic alternatives market [forecast] to surge five times from around $400 billion today to $2 trillion by 2034, we’re seeing
