Yet, when it comes to wealth creation, the country doesn’t even rank among the top 40 nations. However, loans for education or housing, which can build future wealth, are often underutilised. Whereas instruments like PF, PPF or NPS not only help save tax but also build wealth more efficiently. For Indian households, understanding this principle could be the difference between stagnant savings and growing wealth. Regulators, meanwhile, should simplify tax and succession frameworks so wealth is preserved, not lost to opacity and complexity.

Source: The Telegraph March 23, 2026 05:20 UTC