India, May 3 -- What does ultra-high net worth mean? How many are they and how do they live? What of India's poorest? Who are we, as a country, once the slim upper crust has been peeled away?

Split three ways

The Indus Valley Annual Report 2025, published by venture capital firm Blume Ventures, divides India into three categories: India 1, representing the wealthiest 10% of the population; India 2, representing the middle 23%; and the vast swathe of India 3.

* Rs.12.80 lakh

Ranked on its own as a country, India 1 would have a population of 140 million spread across 30 million households, and would be the 10th-largest country in the world. Its per capita income would stand at $15,000 (about Rs.12.80 lakh).

This would place it at 63rd ...