India's economy overtook the UK to become the fifth-largest in the world as a result of the post-pandemic demand recovery.
The rupee's decline of 10% at that time was the biggest drag on the stock market, which was down slightly from a year earlier.
The combined wealth of India's top 100 earners increased by $25 billion despite this to reach $800 billion.
The feat by infrastructure tycoon Gautam Adani, which altered the hierarchy at the top for the first time since 2008, was a major factor in the gain.
Following a nearly tripling of his wealth in 2021, Adani doubled it to $150 billion this year to take the top spot and briefly hold the second-place position.
Adani, who led this year's gains in both percentage and dollar terms, declared he would invest $100 billion over the following ten years, with 70% going toward green energy.
The oil and gas to telecom giant Reliance Industries, controlled by Mukesh Ambani, is ranked No. 2 with $88 billion, down 5% from the previous year.
Adani and Ambani now jointly control 30% of the wealth of India's 100 richest people.
Radhakishan Damani, the nation's retailing king and owner of the DMart chain of supermarkets, entered the top three for the first time despite a 6% fall in net worth to $27.6 billion.