indian entrepreneurs are carving a unique path blending ambition with indulgence and outspending their global peers in real estate luxury and exclusive experiences a recent hsbc global entrepreneurial wealth report 2024 paints a vivid picture of how indias wealthiest business owners are rewriting the narrative of success optimism beyond borders indian entrepreneurs are the most optimistic globally with an astounding 98 percent confident in the growth of their wealth and businesses this optimism stems from their reliance on technological advancements investment strategies and a keen understanding of consumer trends their confidence surpasses that of business owners across the globe showcasing indias entrepreneurial spirit indulgence and investment a dual legacy the report reveals that 61 percent of indian entrepreneurs prioritize real estate investments for personal use compared to a global average of 51 percent beyond real estate their preferences lean heavily toward luxury goods 56 percent and experiences 44 percent significantly outpacing the global averages of 40 percent and 35 percent respectively however their interest in art or collectibles remains modest at 14 percent compared to 25 percent globally these indulgences reflect a broader cultural shift as wealthy indians view personal luxury not as mere indulgence but as an affirmation of their success at the same time over 82 percent of them actively invest in stocks bonds and real estate showcasing a deep commitment to wealth creation the indian business landscape india remains a preferred destination for domestic entrepreneurship with 75 percent of entrepreneurs choosing to operate within the country while global markets like singapore uae uk and us hold appeal 32 percent of indian entrepreneurs are currently focused on opportunities within india they remain wary of challenges such as corruption inflation and taxation yet a striking 75 percent feel supported by the government reflecting a collaborative ecosystem family legacy and mobility indian entrepreneurs are deeply tied to their familial roots with 88 percent determined to preserve their business legacy within the family trust in the next generation is high 90 percent though concerns about succession planning linger with 47 percent yet to formalize plans their vision extends globally with 61 percent considering personal relocation and 64 percent contemplating wealth mobility preferred destinations include singapore uae and the us aligning with their strategic mindset to combine business growth with personal aspirations a lifestyle with a purpose indian entrepreneurs embrace their wealth with a sense of responsibility while 44 percent cherish a luxury lifestyle higher than the global average of 32 percent their primary goals remain improving family health achieving financial freedom and giving back to society impressively 92 percent actively work to create a positive societal impact merging success with purpose their resilience shines as 58 percent are not planning to exit their businesses anytime soon with the figure rising to 72 percent for first generation entrepreneurs furthermore 44 percent identify as serial entrepreneurs a testament to their enduring drive a surge fueled by optimism sandeep batra head of wealth and personal banking at hsbc india encapsulates this momentum the surge in the indian stock market strong macroeconomic fundamentals and the rise in ultra high net worth individuals are empowering indian entrepreneurs to dream bigger and invest bolder