India's crorepati list is growing but the problem is who will manage their money

India's wealth management industry is facing a sharp shortage of experienced relationship managers as the country's ultra-high-net-worth population nearly doubles. Average assets per RM are expected to climb to ₹4.8 billion from ₹3.7 billion, driving salary increases of 20-40% for lateral hires. Despite this talent bottleneck, the sector outlook remains strong, with PMS assets reaching ₹41.4 trillion by March 2026 and total AWM assets projected to hit $1.7 trillion by 2030, though only 15% of India's wealth is currently professionally managed compared with 75% in the US.