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Rise of High-Income Individuals in India
July 31 , 2026
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- The number of individuals reporting ₹100 crore or more income increased to 576 in AY 2025–26, compared to 142 in AY 2021–22.
- The data is based on Income Tax Returns (ITRs), as India does not have an official income-based definition of a billionaire.
- AY 2025–26 refers to income earned during Financial Year (FY) 2024–25 (April 2024–March 2025).
- The Ministry of Statistics and Programme Implementation (MoSPI) is conducting India’s first National Household Income Survey to collect income-related data.
- The Gini coefficient, a measure of inequality, stood at 0.237 for rural areas and 0.284 for urban areas according to the Household Consumption Expenditure Survey (2023–24).
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