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The number of Indian high-net-worth individuals (HNWIs), those having assets more than $10 million, rose 6 per cent last year to 85,698, according to Knight Frank.

Global property consultant Knight Frank on Wednesday released its 'The Wealth Report 2025', which estimated the HNWI population in India at 85,698 in 2024, as against 80,686 in the preceding year.

The number is expected to rise to 93,753 by 2028, reflecting India's expanding wealth landscape, the consultant said.

The increasing trend of HNIW population highlights the country's strong long-term economic growth, increasing investment opportunities, and evolving luxury market, positioning India as a key player in global wealth creation.

India's billionaire population has also seen a strong year-on-year growth in 2024.

"India is now home to 191 billionaires, of which 26 joined the ranks in just the last year, which was pegged at just 7 in 2019," the consultant said.

The combined wealth of Indian billionaires is estimated at $950 billion, ranking the country third globally, behind the US ($5.7 trillion) and Mainland China ($1.34 trillion).

"India's growing wealth underscores its economic resilience and long-term growth potential. The country is witnessing an unprecedented rise in high-net-worth individuals, driven by entrepreneurial dynamism, global integration, and emerging industries," Shishir Baijal, Chairman & Managing Director, Knight Frank India, said.

This expansion is not just in scale but also in the evolving investment preferences of India's elite, who are diversifying across asset classes, from real estate to global equities, he added.

"In the decade ahead, India's influence in global wealth creation will only strengthen," Baijal said.

Dubai: The Bearys Cultural Forum (BCF), one of the most prominent overseas Kannada community service organizations, hosted a grand Iftar gathering at Al Zahiya Banquet Hall, Dubai. The event witnessed an overwhelming participation of approximately 1,400 Non-Resident Kannadigas (NRKs), reinforcing a strong sense of unity, spirituality, and interfaith harmony.

The gathering was presided over by BCF President Dr. B.K. Yusuf and BCF Founder-Patron Dr. Thumbay Moideen. The occasion was further dignified by the esteemed presence of the Honorable Consul General of India for Dubai and Northern Emirates, Shri Satish Kumar Sivan, along with Al Haj Taha Bafaki Tangal and Janab Al Haj Asgarali Tangal.

Several key figures played an instrumental role in organizing the event, including BCF General Secretary Dr. Kapu Mohammed, BCF Iftar Committee Chairman Janab Abdul Lathif Mulky, Vice Chairman Janab Afeeq Hussain, Key Office Bearer Janab Aslam Karaje, and BCF Advisory Board Members Janab Ibrahim Gadiyar and Janab Aboosalih M. Hussain. The event was also graced by distinguished guests such as Janab Ameeruddin S.I., Janab Rizwanullah Khan (Executive President, Emirates Glass), Janab K.M. Ashraf, Shri Praveen Amarnath, Advocate Khalil, Janab Salman Abdul Khader, Janab Mazhar Syed Beary (Bearys Group), Janab Khaleq Ali, Janab Shaikh Muzaffer (Founder President, AIM India Forum), Janab Ashraf Shah Manthoor (President, Karnataka Islamic Centre), Janab Noor Ashfaq, and Janab Basheer Kinnigoli Moolur.

A host of BCF office bearers, including Janab Yakub Dewa, Janab Iqbal Mefa, Janab Usman Moolur, Janab Nawaz Kotekar, Janab Niyaz Farangipete, Janab Ashraf Sathikal, Janab Suleman Moolur, Janab Rafiq Mulky, Janab Lathif, Janab Rahman Sajpa, Janab Ameer Halyangadi, Janab Samad Beerali, and Janab Riyaz Suratkal, along with BCF Women's Wing President Mrs. Mumtaz Kapu and other active women members, significantly contributed to the success of the event.

The program commenced with a Qira’ath and an Islamic discourse by Janab Ashraf Sathikal, followed by a heartfelt Dua by Janab Al Haj Thaha Bafakhi Thangal.

On this occasion, BCF honored Shri Satish Kumar Sivan for his distinguished presence and significant contributions. Additionally, Mr. Shaikh Muzaffer, Founder President of AIM India Forum, received an appreciation award in recognition of his outstanding service to the community.

In his address, Shri Satish Kumar Sivan acknowledged BCF’s exceptional efforts in community service and praised the patriotic spirit and dedication of Non-Resident Kannadigas (NRKs) towards the welfare of society. BCF President Dr. B.K. Yusuf elaborated on BCF’s vision and past contributions, while BCF Iftar Committee Chairman Janab Abdul Lathif Mulky extended gratitude to the volunteers and attendees. BCF Steering Committee Chairman Janab M.E. Moolur announced the upcoming BCF Annual Convention in Mangalore this August, encouraging widespread participation. Additionally, Janab Rizwanullah Khan emphasized the importance of community service and selfless dedication.

The event concluded with a special vote of thanks by Janab Suleman Moolur, acknowledging the contributions of all organizers and attendees. Guests, including dignitaries and women participants, were presented with special gifts as tokens of appreciation. The Iftar was served in an exceptionally well-organized manner, featuring exquisite traditional dishes, symbolizing the essence of unity and humanitarian values.

The BCF Iftar Meet 2025 stands as a testament to the cultural richness, communal harmony, and service-oriented spirit of the Kannada diaspora in the UAE.

The Trump administration has given the go-ahead for a nearly $3 billion arms sale to Israel, sidestepping the standard congressional review process to expedite the delivery of 2,000-pound bombs widely used by the Israeli military in its ongoing onslaught in the Gaza Strip.

In a series of notifications sent to Congress on Friday, the State Department has reported it has approved the sale of more than 35,500 MK 84 and BLU-117 bombs and 4,000 Predator warheads worth $2.04 billion to Israel.

Secretary of State Marco Rubio “has determined and provided detailed justification that an emergency exists that requires the immediate sale to the Government of Israel of the above defense articles and defense services in the national security interests of the United States, thereby waiving the Congressional review requirements,” the department said.

Deliveries are set to begin next year, it said.

According to the same statement, Rubio has also approved another munitions sale to Israel worth $675.7 million to be delivered starting in 2028.

The Israeli regime has extensively used the MK 84, also known as the 2,000-pound bomb, in its genocidal wars against the people of Lebanon and Palestine, including the assassination of top Hamas and Hezbollah leaders.

Last May, the previous US administration attempted to curb Israel’s military aggression in Rafah, a city in southern Gaza, by imposing a temporary ban on the sale of 2,000-pound bombs.

This effort, however, proved futile in halting the invasion, as the US continued to supply other weapons to the Israeli regime.

On February 25, Trump’s National Security Adviser, Michael Waltz, rescinded the ban to allow the State Department to resume the sale of the bombs to the regime.

The State Department has also approved the sale of Caterpillar D9 Bulldozers and related equipment for an estimated cost of $295 million to Israel.

The Israeli regime has used D9 bulldozers to demolish thousands of Palestinian homes in the occupied West Bank and Gaza.

The Office of the UN High Commissioner on Human Rights has advised Caterpillar Inc. that by supplying the bulldozers to the regime, it is complicit in human rights violations.

D9 has been involved in several incidents of civilian deaths, including in 2023 when it was used against the refugees sheltering outside the Kamal Adwan Hospital.